OMB Releases Status Report on Reducing Regulations Executive Order – Earlier this week, the Office of Management and Budget (OMB) released a status report on agency regulatory and deregulatory actions. During fiscal year 2017, the Federal Government overturned 22 regulations for every new regulation issued – exceeding the goal of repealing two regulations for every new regulation established in Executive Order (EO) 13771 “Reducing Regulation and Controlling Regulatory Cost”. OMB estimates that these actions will save $570 million per year.
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