02.8.2017 | Articles / Publications
Burr Alert: President Trump’s “One In, Two Out” Executive Order Signals Regulatory and Employment Policy Shift
Amidst a first-week flurry of executive orders on trade, immigration, and construction of a U.S.-Mexico border wall, President Trump signed an executive order aimed at peeling back many Obama-era regulations. On Monday, January 30, 2017, President Trump signed a so-called “One In, Two Out” executive order directing federal agencies, among other things, to nix two regulations for every one they implement. The order also requires that new 2017 regulations have a zero net cost after factoring in money saved through repeals, and gives the White House Office of Management and Budget the final word on whether cost savings goals are sufficiently achieved. Importantly, the order explicitly exempts regulations dealing with military, national security, or foreign affairs and regulations affecting agencies’ organization, management, or personnel from its reach.
The “One In, Two Out” executive order represents one of President Trump’s first steps toward fulfilling campaign promises to encourage job growth and relieve regulatory requirements. It also represents a significant philosophy shift from the Obama Administration. The order will “begin our effort to reduce regulation. We will be reducing them big league, reducing their damaging effect on small business, the economy and our entrepreneurial spirit,” President Trump said while signing the executive order.
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