Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40APRIL 2017 • FOGHORN 25 LEGISLATIVEREPORT phasized, “it is essential to manage the costs associated with the governmen- tal imposition of private expenditures required to comply with Federal regu- lations.” Most observers in Washington don’t really expect to see many existing reg- ulations come off the books anytime soon, despite the two-for-one aspect of the Executive Order. The more likely impact of the Executive Order will be to retard the issuance of new rules. A close reading of the text reveals that the Executive Order doesn’t say that the two rules have to be actually repealed in fact before issuance of the new rule, simply that they must be “identified.” In addition, the Executive Order has several “outs,” including a provision allowing for the issuance of a new rule that is mandated by statute. The President issued the second Executive Order on February 24. It is entitled “Enforcing the Regulatory Reform Agenda.” It declares that it is national policy “to alleviate unneces- sary regulatory burdens placed on the American people.” By the end of May, each federal agency is to identify existing regula- tions that are candidates for repeal, re- placement, or modification. The agency is to look for rules that (1) eliminate jobs or inhibit job creation; (2) are outdated, unnecessary, or ineffective; (3) impose costs that exceed benefits; (4) are incon- sistent with or interfere with the Trump administration’s regulatory reform ini- tiatives or policies; or (5) derive from orders of previous presidents that have subsequently been rescinded or substantially modified. In performing this task of identifying rules, agencies are encouraged to consult with affected entities, including small businesses and trade associations. Only time will tell whether these two Executive Orders will lead to a no- ticeable impact on regulations coming out the federal government, or whether they will simply generate headlines without affecting business as usual in Washington, DC. n “Most observers in Washington don’t really expect to see many existing regulations come off the books anytime soon, despite the ‘two-for-one’ aspect of the Executive Order.”