Although it hasn’t received much publicity, President Donald Trump’s executive order on reducing regulations issued Monday requires federal agencies to abolish at least two old regulations for every new one they adopt.
In addition, the cost of the new regulation and repealing the old ones is required to be zero. However, if the two regulations being eliminated have a cost, the new regulation can cost that much. In addition, agencies might be able to get an exemption for an emergency.
Every new regulation also has to be approved by the director of the Office of Management and Budget.
On Trump's executive orders, one commentator said it was like Steve Bannon, Trump’s alt right top advisor who was executive chair of the far right Breitbart News, wrote the immigration executive order on the back of an envelope.