Boom - EO for Regulatory reduction and cost containment
 

https://www.yahoo.com/news/trump-exe...-business.html

WASHINGTON (Reuters) - President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced.

Major regulations are typically reviewed by the White House's Office of Management and Budget (OMB) before they are issued. That review will continue under this new measure, but agencies will also have to identify what two regulations will be repealed to offset the costs of any new rule.

The new order does not require that the repeal of the two regulations be done simultaneously with the release of additional rules, the official said.

"This vests tremendous power and responsibility in the OMB director to ensure the president's direction in how we manage this across the government," the official said.

Certain categories of regulations will be exempt from this new policy, including those dealing with the military and national security. The OMB director will also have the ability to waive this policy in certain instances.

This scares me.
Seems to me there might have been a reason why those regulations were out into place.
And, in typical Trump fashion, there is a vagueness about the mandate.

Who needs clean water, air or food? :rolleyes:

Having personally been responsible for drafting a number of Federal regulations for 3 agencies and ushering them through the approval process, Trump's idea is ridiculous. First, all of these regulations are developed in strict accordance with the Administrative Procedures Act and under strict supervision of the OMB.

Once again, Trump issues an EO rashly without any background knowledge of the issue at hand (as he did with the recent immigration EO) and without a confirmed head (or managerial staff) of OMB. He's in way over his head. It does impress the rubes, however, as it did you, Whell. Congratulations.:rolleyes:

That's why the mandate will leave it up to the individual agencies to provide the regs that they wish to dispense with. I'd wager that for any one Federal Reg, there's probably at least 5 that are outdated, ineffective, or useless.

Remember Obama undertook a similar effort, but I suspect there's still a ton of low - hanging fruit out there.

http://www.nytimes.com/2011/01/22/bu...2regulate.html

Well, this likely explains why Americans live in the midst of a regulatory minefield. :p

So, I guess Obama's efforts were useless to.... :rolleyes:

You must not have read the article you linked to:

But speci@lists on both sides of the political aisle say that the president is wasting the government’s time. They say there are few rules so dumb, duplicative or outdated that everyone can agree they serve no purpose. Rather, most regulations reviled by some are cherished by others, meaning that any effort to reduce regulation is a political process, not a question of housekeeping.

“The history of these kinds of efforts is that they don’t matter very much,” said Peter Van Doren, editor of Regulation magazine, a publication of the libertarian Cato Institute, which generally advocates for less regulation.

Gary Bass, executive director of OMB Watch, a nonprofit that generally advocates for more regulation, said the cost of the search was likely to outstrip the benefits.

I agree with these fellows. Trump is again just trying to make a splash and impress the rubes without bothering to take the time to understand the issue (or even have knowledgeable and repsonsible staff research the issue). I'm happy for you that you can be so impressed by such a meaningless, uninformed gesture by your Trumpenfuhrer.

Will this also include financial industry regulations?


Barney

I'm sure. He plans to trash Dodd-Frank and I think the EO provides for exemptions for the military and defense (small wonder for an avowed fascist like Trump).

So next the Consumer Protection Agency will soon be defunded. Then everyone's 401K's retirement savings will be up for grabs due to the relaxing of regulations!


Barney

Any guesses why the market didn't cave when he was elected, given that it supposedly hates uncertainty?
Lots of golden parachutes to pack on Wall Street before get out of town time with the next self inflicted deregulation induced crash.

No problem.

Just don't issue any new regulations, and then none of the old ones will get cut.:D

I would consider this, if two of his appointments would be canned for each one he makes.
Let's see how that works.

TJ, don't you think we need a regulation for banning pesticides that kill bees?

How about something to prevent a demagogue under foreign influence from becoming POTUS?

I have been trying to understand the scope and power of EO's. What are they really, or at least what are they supposed to be? From what I understand, in the base legal concept, and Executive Order is an Order signed by the POTUS. It is strictly limited to the executive branch of he government. It is like a policy or vision statement on how the executive branch will act or function. They are not supposed to carry the weight to make or change laws.Of course this is strictly from the "base theoretical" concept, With precedent law and the current environment, they seem to have much more power than they should.

This.


Carl

Today on NPR....



""Financial Industry Groups Fear Trump Will Block Investor Protection Rule""

""The financial services industry is hopeful that President Trump will move to delay and perhaps overturn an investor protection rule put in place by the Obama administration. The rule requires that financial advisers act in their clients best interest when it comes to their retirement accounts. It has been widely supported by consumer groups, unions and financial watchdogs. The financial industry lobbied against the rule saying it would have unintended consequences and created too much paperwork to make it worth it for advisers to work with small clients.""

http://www.npr.org/2017/02/02/513105...rotection-rule



Barney

Bullshit. It's the small, unsophisticated clients that they want to rip off with their investment scams.

Just try and get one to tell you or show the exact amount in fee's charged to you account!



Barney

Remember when Republicans blasted Obama as a "Dictator" for issuing EOs?

Right.

Trump is a dictator, Mike.

But he is theirs! :o
Like I have stated in the past, the GOP is a party in search of a Dictator.


Barney

It's not tyranny when WE do it.
Like, it's not Sharia when WE do it, re the "Christian nation".