President Donald J. Trump is Following Through on His Promise to Cut Burdensome Red Tape and Unleash the American Economy | Eastern NC Now

Press Release:

    "An ever-growing maze of regulations, rules, restrictions has cost our country trillions and trillions of dollars, millions of jobs, countless American factories, and devastated many industries."  -  President Donald J. Trump

    ENDING OVERREGULATION: President Donald J. Trump is delivering on his promise to get rid of unnecessary, outdated, and duplicative regulations.

           •  The Trump Administration is releasing findings that show the President's regulatory reform efforts saved American families and business owners $23 billion in fiscal year (FY) 2018.

                  •  This progress builds on the Administration's significant regulatory reforms in FY 2017.

           •  President Trump's historic regulatory reform is a complete change in direction, with Americans actually seeing an overall decrease in regulatory burdens.

           •  The Administration issued 176 deregulatory actions last year, eliminating 12 regulations for every new one according to the Office of Information and Regulatory Affairs.

                  •  The President has again exceeded his pledge to cut two regulations across the year for every new one.

           •  Since taking office, President Trump's efforts have achieved $33 billion in regulatory savings.

                  •  In a stark contrast, President Obama imposed $245 billion in burdensome regulatory costs on the American people in his first 21 months in office.

           •  Businesses are finally being freed of Washington's overreach and the American economy is flourishing as a result.

    REAL RESULTS: President Trump's efforts to cut burdensome and unnecessary red tape are bringing real change and delivering real results for Americans.

           •  The Department of Labor made it easier for small businesses to provide better health insurance to their employees through association health plans.

           •  The Department of Veterans Affairs greatly expanded veterans' ability to use telehealth services, giving them access to state-of-the-art healthcare everywhere.

           •  The National Oceanic and Atmospheric Administration has taken action to free our fishermen from burdensome red tape while also promoting responsible fishing practices.

                  •  For instance, areas off the coast of New England have been opened to commercial sea scallop harvesting for the first time in years, netting an economic benefit of $654 million.

           •  The Department of Health and Human Services reduced paperwork for nursing facilities, inpatient hospitals, and home health providers, saving $8.2 billion in regulatory costs.

    DEREGULATION WILL CONTINUE: The Trump Administration will continue its bold reforms to roll back burdensome red tape in FY 2019.

           •  President Trump's regulatory reform efforts are accelerating, and we will continue to take a responsible approach to addressing overly burdensome regulations in FY 2019.

           •  The Department of Transportation and Environmental Protection Agency (EPA) have proposed amendments to existing Corporate Average Fuel Economy standards.

                  •  These amendments could save up to $340 billion over the lifetime of new vehicles.

           •  The EPA and Army Corps of Engineers have proposed new rulemakings that would reassess the Obama Administration's burdensome "Waters of the United States" rule.

           •  The EPA has proposed the Affordable Clean Energy rule, which would replace the 2015 Clean Power Plan (CPP).

                  •  In some scenarios, avoided compliances costs total $6.4 billion compared to the CPP.

• Contact: White House
•     Press Office