On January 30, 2017, the Trump administration published Executive Order 13771 “Reducing Regulation and Controlling Regulatory Costs” which requires federal agencies to identify two rules for elimination for each new regulation issued. On April 5, 2017, the White House released a memorandum providing additional guidance on the implementation of Executive Order 13771. This memo supplements Office of Management and Budget (OMB) interim guidance issued on February 2, clarifies how agencies can comply with the order and explains which new regulations must be offset. The memo also notes that federal spending regulatory actions that cause only income transfers between taxpayers and beneficiaries (such as regulations associated with Medicare spending), and those that establish new fees or penalties without imposing any new costs, do not need to be offset. The AAA will continue to monitor this executive order and keep you informed. Read the full Memorandum…

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