The deadline to submit comments in response to the OMB’s solicitation is May 12, 2025.
On April 11 the Office of Management and Budget published a request that interested parties “identify rules to be rescinded and provide detailed reasons for their rescission.” The OMB did not limit its request to any particular agency or industry, but instead “invites comments about any and all regulations currently in effect.”
The OMB’s request is part of the Trump administration’s implementation of Executive Order 14912, titled “Unleashing Prosperity Through Deregulation,” the purpose of which is to “promote prudent financial management and alleviate unnecessary regulatory burdens.” We previously discussed that Executive Order here, and its requirement that:
- For every one (1) new regulation to be promulgated, an agency must identify at least ten (10) existing regulations to repeal.
- For Fiscal Year 2025, each agency must ensure the “total incremental cost of all new regulations, including repealed regulations, being finalized this year, shall be significantly less than zero … .”
- Any new costs imposed by a new regulation must be offset by the elimination of costs imposed by at least ten (10) existing regulations.
The deadline to submit comments in response to the OMB’s solicitation is May 12, 2025. Interested parties may want to consider whether to identify regulations for recission pursuant to this process.
