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Ended the regulatory assault on American Businesses and Workers.
- Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted.
- Provided the average American household an extra $3,100 every year.
- Reduced the direct cost of regulatory compliance by $50 billion, and will reduce costs by an additional $50 billion in FY 2020 alone.
- Removed nearly 25,000 pages from the Federal Register – more than any other president. The previous administration added over 16,000 pages.
- Established the Governors’ Initiative on Regulatory Innovation to reduce outdated regulations at the state, local, and tribal levels.
- Signed an executive order to make it easier for businesses to offer retirement plans.
- Signed two executive orders to increase transparency in Federal agencies and protect Americans and their small businesses from administrative abuse.
- Modernized the National Environmental Policy Act (NEPA) for the first time in over 40 years.
- Reduced approval times for major infrastructure projects from 10 or more years down to 2 years or less.
- Helped community banks by signing legislation that rolled back costly provisions of Dodd-Frank.
- Established the White House Council on Eliminating Regulatory Barriers to Affordable Housing to bring down housing costs.
- Removed regulations that threatened the development of a strong and stable internet.
- Eased and simplified restrictions on rocket launches, helping to spur commercial investment in space projects.
- Published a whole-of-government strategy focused on ensuring American leadership in automated vehicle technology.
- Streamlined energy efficiency regulations for American families and businesses, including preserving affordable lightbulbs, enhancing the utility of showerheads, and enabling greater time savings with dishwashers.
- Removed unnecessary regulations that restrict the seafood industry and impede job creation.
- Modernized the Department of Agriculture’s biotechnology regulations to put America in the lead to develop new technologies.
- Took action to suspend regulations that would have slowed our response to COVID-19, including lifting restrictions on manufacturers to more quickly produce ventilators.
Successfully rolled back burdensome regulatory overreach.
- Rescinded the previous administration’s Affirmatively Furthering Fair Housing (AFFH) rule, which would have abolished zoning for single-family housing to build low-income, federally subsidized apartments.
- Issued a final rule on the Fair Housing Act’s disparate impact standard.
- Eliminated the Waters of the United States Rule and replaced it with the Navigable Waters Protection Rule, providing relief and certainty for farmers and property owners.
- Repealed the previous administration’s costly fuel economy regulations by finalizing the Safer Affordable Fuel Efficient (SAFE) Vehicles rule, which will make cars more affordable, and lower the price of new vehicles by an estimated $2,200.
Americans now have more money in their pockets.
- Deregulation had an especially beneficial impact on low-income Americans who pay a much higher share of their incomes for overregulation.
- Cut red tape in the healthcare industry, providing Americans with more affordable healthcare and saving Americans nearly 10 percent on prescription drugs.
- Deregulatory efforts yielded savings to the medical community an estimated $6.6 billion – with a reduction of 42 million hours of regulatory compliance work through 2021.
- Removed government barriers to personal freedom and consumer choice in healthcare.
- Once fully in effect, 20 major deregulatory actions undertaken by the Trump Administration are expected to save American consumers and businesses over $220 billion per year.
- Signed 16 pieces of deregulatory legislation that will result in a $40 billion increase in annual real incomes.
