Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing, or another hot-button matter.
On Friday, President Trump issued an executive order to require that agencies identify at least 10 existing rules to repeal whenever promulgating a new regulation. The intent of the order is to reduce the overall cost of federal regulations, directing that “the total incremental cost of all new regulations…be significantly below zero.” President Trump issued a similar order during his first administration, and in practice, the order was difficult to apply in the context of highly regulated industries like health and retirement. The executive order itself does not yet appear to be on the White House website, but a fact sheet provides information.
