President Donald Trump reportedly will sign an executive order that will greatly expand the "2-for-1" deregulatory goal he implemented during his first White House term.
In January 2017, Trump signed an executive order that required agencies to revoke two regulations for every new one they issued, The Hill reported.
Trump was expected to sign a similar order Friday, the Washington Examiner reported.
The Examiner obtained a memo that detailed the executive order, which requires federal agencies to "identify at least 10 existing rules, regulations, or guidance documents to be repealed" for every new proposal.
The order also directs the Office of Management and Budget to set "standardized measurement and estimation of regulatory costs" and "requires that for fiscal 2025, the total incremental cost of all new regulations, including repealed regulations, be significantly less than zero."
Administration officials believe "overregulation" is a driving cost of inflation, especially rising energy prices.
"The Biden administration imposed a historic $1.7 trillion in costs on the American people," the White House memo reads, the Examiner reported. "Overregulation stops American entrepreneurship, crushes small business, reduces consumer choice, discourages innovation, and infringes on the liberties of American citizens."
The Code of Federal Regulations, which affect how virtually everything is produced or delivered, has mushroomed to more than 180,000 pages, according to the nonprofit Brookings Institute.
Elon Musk, named to head Trump's advisory Department of Government Efficiency (DOGE), promised "a drastic reduction in federal regulation."
Rep. David Taylor, R-Ohio, introduced a bill, which has eight co-sponsors, two days after Trump's inauguration that would require federal agencies to roll back 10 rules or regulations for each one added.
"The American people need real leadership to rein in regulation that has burdened businesses and families for far too long," Taylor said in a statement to the Examiner. "The 'Regulation Decimation Act' does just that by requiring 10 regulations to be eliminated with the implementation of every new one."
Charlie McCarthy ✉
Charlie McCarthy, a writer/editor at Newsmax, has nearly 40 years of experience covering news, sports, and politics.
© 2025 Newsmax. All rights reserved.