The executive order seeks to reduce federal regulations by eliminating certain regulations and ensuring that all new regulations are low-cost.

On January 31, 2025, President Trump issued an executive order titled “Unleashing Prosperity Through Deregulation” (the Order) to halt what it referred to as “unnecessary, burdensome, and costly federal regulations” (see the Order and the fact sheet). The Order requires that whenever an agency enacts a new rule, regulation, or guidance, it must identify at least 10 existing rules…