The president’s order further required that federal agencies offset the costs of any new regulation through the elimination of two old regulations. The American Action Forum report shows that the government is outpacing that requirement as well.
The Department of Labor leads the way in terms of deregulation savings, racking up $417 million so far this fiscal year. The Department of Health and Human Services is second but has notably surpassed the savings goal by the biggest amount: $285 million.
Meanwhile, the departments of Energy, Defense, and Homeland Security are far from their respective goals and have yet to develop deregulatory rules to bring budgets in line.
“With less than two months remaining in [this fiscal year], the Trump administration is well on its way to surpassing its regulatory budget goals, yet on an individual basis, a few notable agencies have substantial work to do,” Dan Bosch, the director of regulatory policy at the American Action Forum, wrote in the report.
“It will be worth watching to see if these agencies ramp up their deregulatory activity to maximize their savings ahead of September 30.”
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