On Monday, the Trump Administration made its first big move against overregulation, issuing an executive order requiring agencies to repeal two current regulations for each new one they propose. The order also imposes a regulatory budget come FY2018, which would limit the amount of new regulatory costs agencies can impose on individuals and businesses each year.
These aren’t new ideas. Policy wonks on the right and the left have advocated a regulatory budget for decades. The 2-for-1 regulation proposal is of more recent vintage, and has been enacted in Canada and the United Kingdom….(Read more)