President Trump Signs Executive Order: Reducing Regulation and Controlling Regulatory Costs
Jan 31st
Editor’s Note: After thirty seven years we finally have a regulatory budget!
President Trump’s Executive Order on Reducing Regulation and Controlling Regulatory Costs is attached here. Below is an excerpt.
Sec. 3. Annual Regulatory Cost Submissions to the Office of Management and Budget.
(d) During the Presidential budget process, the Director shall identify to agencies a total amount of incremental costs that will be allowed for each agency in issuing new regulations and repealing regulations for the next fiscal year. No regulations exceeding the agency’s total incremental cost allowance will be permitted in that fiscal year, unless required by law or approved in writing by the Director. The total incremental cost allowance may allow an increase or require a reduction in total regulatory cost.
Trump’s OMB Pick Shares Vision on Social Security, Regulation
Jan 26th
From: The Daily Signal
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“My very distinct impression, from working with the transition team, is that regulatory reform is going to be an absolute priority for this president,” Mulvaney said. “In fact, I think you saw him mention yesterday that he wants to cut 75 percent of the regulations. He is absolutely dead serious about this.”
Mulvaney expressed confidence in the dedication to reforming regulation, stating that he believes Trump to be “the first person to campaign for president on regulatory reform since Ronald Reagan.”
Trump’s White House regulations website is down
Jan 25th
Editor’s Note: CRE maintains a library of crucial regulatory documents from the Johnson through Trump Administrations. See the OMB Papers.
From: The Hill
By Tim Devaney
The White House regulations website was down Monday, and a number of reports on the costs and benefits of regulations from the Office of Management and Budget (OMB) had disappeared.
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Those OMB reports on the costs and benefits of regulations can still be found on another government website that archives Obama-era documents. But they are not available on the primary White House website, where they are usually stored.
Bankers in Davos See Trump Making Wall Street Great Again
Jan 23rd
Wall Street’s high-flyers in Davos, basking in their firms’ strong fourth-quarter earnings, said they’re confident Donald Trump’s incoming administration will loosen regulatory constraints on financiers — even if it leaves Barack Obama’s signature Dodd-Frank Act largely intact
Read article.
Financial Regulation Hit List
Jan 23rd
Donald Trump isn’t shy to tout his distaste of regulations.
Since he kicked off his presidential campaign in June 2015, Trump has derided Obama-era financial regulations as “bad for business” and responsible for America’s slow-growing economy.
He even promised to eliminate two regulations for every one enacted during his tenure as president.
Most Wall Streeters view Trump’s anti-regulatory stance as a tailwind for the financial services industry.
See article.
White House Creates App to Track Regulations
Dec 22nd
Editor’s Note: Cross-posted from the FISMA Focus/Regulatory Cyber Security IPD.
From: MeriTalk
By:
The Office of Information and Regulatory Affairs (OIRA) created a smartphone app Wednesday that contains the status of agency regulatory actions.
The app, RegInfo Mobile, is based on the website RegInfo.gov, which allows users to view current and past regulations, view information about pending and completed reviews of rulemakings, browse the list of past and upcoming public meetings about regulations under review, and view information about pending OIRA information requests.
No Regulatory Mess for Next Administration: Shelanski
Dec 22nd
From: Bloomberg/BNA
By Cheryl Bolen
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Continuity
“Yes, we will continue as long as we are here, but the great news for the American public is the really terrific career staff leadership remains here at OIRA and at OMB, and remains in a lot of the agencies,” Shelanski said. “These people will carry the effort forward.”
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The OIRA administrator’s role in an anti-regulatory administration could be fairly powerful in the sense that the administrator could get complete backing by the president to either stop rules or require changes to rules, Shelanski said.
Obama Regulatory Chief Rejects Midnight Regulation
Dec 7th
From: Bloomberg/BNA
By Cheryl Bolen
Dec. 6 — Cabinet secretaries and agency heads are not trying, nor will they be able, to rush through surprise regulations during the remaining weeks of the Obama administration, the nation’s top regulatory chief told Bloomberg BNA.
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“That plan and agenda, I think, shows pretty clearly that the agencies did not add a whole lot of new stuff,” Shelanski said. “There were no real surprises in that regulatory plan and agenda. I think that, if anything, that really highlights the regular order that we have kept.”
Businesses to Push to Retain U.S.-Canada Regulatory Council
Dec 1st
Editor’s Note: For more information on the vital work of the RCC, see here, here, here, and here.
From: Bloomberg/BNA
By Cheryl Bolen
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Ingrained Practice
The Obama administration is working to ensure the long-term success of the RCC, Howard Shelanski, administrator of the Office of Information and Regulatory Affairs (OIRA) within the White House Office of Management and Budget, told Bloomberg BNA.
“We will continue to work with U.S. agencies and our Canadian colleagues to fulfill the commitments made during this administration and continue to encourage everyone, stakeholders included, to look beyond the end of this administration to establish long-term cooperation objectives,” Shelanski said
United States and Canada Announce the 2016 Annual Work Plans
Nov 29th
From: U.S.-Canada Regulatory Cooperation Council
The United States and Canada continue to deepen our regulatory cooperation to enhance economic competitiveness while maintaining high standards when it comes to health, safety, and the environment. The release of the annual Work Plans are an important step in our regulatory cooperation moving forward.
In addition, the Regulatory Partnership Statements outline the framework for how cooperative activities will be managed between agencies, including:
- High-level governance
- Opportunities for stakeholder input/engagements
- Annual review of Work Plans
*The Work Plans will be released as they are finalized and will be hyperlinked. Please check back in the following days and weeks for additional updates.