Regulatory Reform Results for Fiscal Year 2020

In Regulatory Reform under Executive Order 13771: Final Accounting for Fiscal Year 2020, the Office of Information and Regulatory Affairs compiles the regulatory reform results from fiscal year 2020. President Trump emphasized the importance of reducing regulatory burdens and directed agencies to issue two deregulatory actions for each new regulatory action and to cap their total incremental costs in Executive Order 13771 ("Reducing Regulation and Controlling Regulatory Costs," January 30, 2017). Agencies have focused on comprehensive and common-sense regulatory reform, protecting health and safety while eliminating unnecessary costs. These reforms adhere to the longstanding principles and good regulatory practices in Executive Order 12866 ("Regulatory Planning and Review," September 30, 1993), which highlights that "the private sector and private markets are the best engine for economic growth."

Results

Agency regulatory reform efforts continued in fiscal year 2020.

Eliminated $144.0 billion in overall regulatory costs across the government in 2020.
3.2-to-1: Agencies issued 145 deregulatory actions and 45 significant regulatory actions in 2020. (Under OMB guidance implementing EO 13771, this ratio is the relevant one for assessing compliance with the EO in 2020.)
58 deregulatory actions were significant in 2020. Comparing significant deregulatory to significant regulatory actions yields a ratio of 1.3 to 1.
Eliminated $198.6 billion in overall regulatory costs across the government since 2017.
For a full statement of these results see Regulatory Reform under Executive Order 13771: Final Accounting for Fiscal Year 2020.

Methodology

In order to calculate regulatory costs and cost savings for purposes of EO 13771, OIRA and the agencies have established consistent accounting standards, explained in further detail in Accounting Methods under Executive Order 13771.

Regulatory Reform Reports from Previous Fiscal Years

Fiscal Year 2017

See Regulatory Reform: Two-for-One Status Report and Regulatory Cost Caps for fiscal year 2017 and Regulatory Reform: Completed Actions for Fiscal Year 2017

Fiscal Year 2018

See Regulatory Reform under Executive Order 13771: Final Accounting for Fiscal Year 2018, Regulatory Reform: Completed Actions for Fiscal Year 2018, and Regulatory Reform: Regulatory Budget for Fiscal Year 2019

Fiscal Year 2019

See Regulatory Reform under Executive Order 13771: Final Accounting for Fiscal Year 2019, Regulatory Reform: Completed Actions for Fiscal Year 2019, and Regulatory Reform: Regulatory Budget for Fiscal Year 2020

Marginal Excess Tax Burden as a Potential Cost under E.O. 13771

OIRA is requesting feedback on potentially capturing, in future-year E.O. 13771 accounting, part or all of the real resource burden associated with regulations that have government budget impacts; see the Marginal Excess Tax Burden as a Potential Cost Under E.O. 13771 document. Comments should be submitted to Docket Number OMB-2017-0002 at www.regulations.gov no later than February 20, 2020

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