Unleashing Prosperity Through Deregulation

This EO states that whenever an agency publicly proposes for notice and comment or otherwise promulgates a new regulation, it shall identify at least 10 existing regulations to be repealed. For FY 2025, the heads of all agencies are directed to ensure that the total incremental cost of all new regulations being finalized this year shall be significantly less than zero. Any new incremental costs associated with new regulations shall be offset by the elimination of existing costs associated with at least 10 prior regulations. Further, for each agency's Regulatory Plan, the agency head must identify the increased costs and the offsetting regulations with total costs or savings associated with each of these. No regulation shall be issued by an agency if it was not included in the most recent update of the Unified Regulatory Agenda. The Director of OMB is charged with implementing this order, including providing additional guidance to the agencies.

• All

Immediately.

The OMB Director shall revoke OMB Circular No. A-4 of November 9, 2023 (Regulatory Analysis), and all accompanying appendices, guidelines, and documents, and shall reinstate the prior version of Circular A-4, issued on September 17, 2003 (immediately); The Secretary of the Treasury and the OMB Director shall reinstate the Memorandum of Agreement between the Department of the Treasury and the Office of Management and Budget of April 11, 2018, regarding review of tax regulations under Executive Order 12866 (immediately).

No known legal challenges.