Unleashing Prosperity Through Deregulation

Key claim: Executive Order 14192, signed by President Trump on January 31, 2025, and published at 90 FR 9065, directs federal agencies to identify at least 10 existing regulations for repeal whenever issuing a new one (“10-for-1”), ensure total incremental regulatory costs are significantly less than zero for FY 2025, and adhere to OMB-set cost allowances thereafter. It broadly defines “regulation” to include guidance and other documents, revokes the 2023 OMB Circular A-4 in favor of the 2003 version, and aims to reduce regulatory burdens through rigorous budgeting and planning under EO 12866 processes.

Abstract

Presidential Documents 9065 Federal Register Vol. 90, No. 24 Thursday, February 6, 2025 Title 3— The President Executive Order 14192 of January 31, 2025 Unleashing Prosperity Through Deregulation By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Budget and Accounting Act of 1921, as amended (31 U.S.C. 1101 et seq.), and in order to promote prudent financial management and alleviate unnecessary regulatory burdens, it is hereby ordered: Section 1. Purpose. The ever-expanding morass of complicated Federal regu- lation imposes massive costs on the lives of millions of Americans, creates a substantial restraint on our economic growth and ability to build and innovate, and hampers our global competitiveness. Despite the magnitude of their impact, these measures are often difficult for the average person or business to understand, as they require synthesizing the collective meaning not just of formal regulations but also rules, memoranda, administrative orders, guidance documents, policy statements, and interagency agreements that are not subject to the Administrative Procedure Act, further increasing compliance costs and the risk of costs of non-compliance. It is the policy of my Administration to significantly reduce the private expenditures re- quired to comply with Federal regulations to secure America’s economic prosperity and national security and the highest possible quality of life for each citizen. To that end, it is important that for each new regulation issued, at least 10 prior regulations be identified for elimination. This practice is to ensure that the cost of planned regulations is responsibly managed and controlled through a rigorous regulatory budgeting process. Sec. 2. Policy. It is the policy of the executive branch to be prudent and financially responsible in the expenditure of funds, from both public and private sources, and to alleviate unnecessary regulatory burdens placed on the American people. Sec. 3. Regulatory Cap for Fiscal Year 2025. (a) Unless prohibited by law, whenever an executive department or agency (agency) publicly proposes for notice and comment or otherwise promulgates a new regulation, it shall identify at least 10 existing regulations to be repealed. (b) For fiscal year 2025, which is in progress, the heads of all agencies are directed to ensure that the total incremental cost of all new regulations, including repealed regulations, being finalized t

Why this matters

Executive Order 14192, signed by President Trump on January 31, 2025, and published at 90 FR 9065, directs federal agencies to identify at least 10 existing regulations for repeal whenever issuing a new one (“10-for-1”), ensure total incremental regulatory costs are significantly less than zero for FY 2025, and adhere to OMB-set cost allowances thereafter. It broadly defines “regulation” to include guidance and other documents, revokes the 2023 OMB Circular A-4 in favor of the 2003 version, and aims to reduce regulatory burdens through rigorous budgeting and planning under EO 12866 processes.

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