EO 14192
Unleashing Prosperity Through Deregulation
Government ReformEconomy & Trade
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Summary
This executive order establishes a regulatory cost management system requiring federal agencies to identify and repeal at least 10 existing regulations for every new regulation issued, with the goal of ensuring net regulatory costs are significantly reduced or eliminated in fiscal year 2025 and subsequent years. The Office of Management and Budget (OMB) Director is tasked with overseeing implementation, providing guidance, and setting annual regulatory cost allowances for each agency.
Key Points
- 1Agencies must identify at least 10 existing regulations for repeal whenever they propose a new regulation
- 2For fiscal year 2025, the total incremental cost of new regulations must be significantly less than zero, with costs offset by savings from repealed regulations
- 3The OMB Director must provide guidance on measuring regulatory costs, defining qualifying regulations, and establishing oversight processes
- 4Beginning in fiscal year 2026, agencies must submit annual regulatory cost reports identifying offsetting regulations in their Unified Regulatory Agenda
- 5No regulation may be issued unless included in the published Unified Regulatory Agenda or approved in advance by the OMB Director
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
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