Editor’s Note: See CRE’s website dedicated to the history of regulatory budgeting and current implementation of a regulatory budget here.
From: American Action Forum
Dan Bosch
The most noteworthy component of the Trump Administration’s regulatory reform efforts is the establishment of a regulatory budget — a cap on the amount of costs an agency’s new rules can impose each year. With the fiscal year (FY) ending on September 30, this analysis provides an update on where agencies stand relative to their savings target with two months to go.
Collectively, executive agencies subject to a regulatory budget remain on pace to double the administration’s overall savings goal. On an individual basis, 12 of 22 agencies have already met or surpassed their savings target.