Unleashing Prosperity Through Deregulation

On January 31, 2025, President Donald Trump issued Executive Order 14192, titled "Unleashing Prosperity Through Deregulation," which aims to reduce the regulatory burden on Americans by requiring that for every new federal regulation introduced, ten existing regulations must be repealed. This sweeping deregulation effort is intended to decrease compliance costs and promote economic growth, but it may face legal and political challenges, particularly concerning the feasibility of repealing a large number of regulations and the potential impact on public safety and environmental protections. The order empowers the Office of Management and Budget to oversee the process, ensuring that the total cost of new regulations is less than zero, potentially leading to significant changes in how federal agencies operate.