President Donald Trump recently signed an executive order titled 'Unleashing Prosperity Through Deregulation,' with the goal of reducing unnecessary regulatory burdens on American businesses and citizens. The order aims to eliminate outdated or unnecessary regulations to stimulate economic growth.
One of the key provisions of the executive order is the requirement that for every new regulation proposed, at least 10 existing regulations must be repealed. This measure is intended to ensure that the net cost of regulations does not increase, thereby promoting responsible regulatory budgeting.
