Day one of Donald Trump’s second presidency made it resoundingly clear: The Trump-Vance administration is prioritizing deregulation. He has announced a freeze on new federal regulations, an executive order requiring agencies to repeal at least 10 rules or regulations for each new one they adopt, and “initial rescissions” of 80-plus Biden actions, including easing rules around AI. Meanwhile, Elon Musk’s Department of Government Efficiency (DOGE) has been taking charge of government agencies like the Treasury Department and reducing staff. And we’re less than two months in.
In organizations that have long felt the financial and administrative burdens of regulatory compliance, it’s only natural for board members and C-Suite leaders to regard this change with a collective sigh of relief. Less regulation means less budget and personnel allocated to auditing and compliance activities. But don’t start reallocating your compliance dollars yet. Many of the actions are already being challenged in court, and most regulations won’t be easy to do away with given the numerous requirements and time restraints it takes.
