Trump touts push to rescind government
Send a link to a friend
[October 18, 2018]
By David Shepardson
WASHINGTON (Reuters) - U.S. President
Donald Trump on Wednesday praised White House efforts to remove
regulations that he sees as an impediment to economic growth, saying the
administration had reduced regulatory costs by $23 billion in the year
ending Sept. 30.
The White House said it had eliminated regulatory costs totaling $23
billion in the most recent budget year but did not specify how much in
societal benefits resulted from those eliminated rules. Regulatory costs
are estimates by the administration of the costs for businesses and
individuals to comply with mandated rules.
The administration said it had approved 14 new significant regulations
and eliminated 57 major regulations in the 2017-2018 budget year.
"We will have rules, regulations, and other standards which we need, we
have to have. But we have knocked out tremendous numbers of unnecessary
regulations," Trump said Wednesday at a White House event. "One of the
reasons the economy is so strong is that we’re not hampered by the
The deregulatory actions included rescinding a 2015 hydraulic fracturing
rule, eliminating a requirement that farms report emissions produced by
animal waste, and withdrawing rules that would require air carriers to
disclose some fees even if customers did indicate whether they planned
to check a bag.
The new regulations included rules on hurricane assistance for
agriculture losses, rules for payments of avian flu indemnity claims,
mercury reporting requirements and sewer overflow public disclosures.
Lisa Gilbert, vice president of legislative affairs at advocacy group
Public Citizen, said none of the 14 regulations finalized by the
administration "can be credibly described as significantly improving the
public’s health and safety or saving lives."
Gilbert said in a statement that "under the Trump administration,
regulators are focused only on boosting corporate profits, not saving
lives or protecting the public by holding corporate wrongdoers
[to top of second column]
President Donald Trump gestures as he delivers a speech during the
World Economic Forum (WEF) annual meeting in Davos, Switzerland
January 26, 2018. REUTERS/Denis Balibouse/File Photo
The biggest regulation under review in dollar terms is a proposal to
freeze vehicle fuel-efficiency standards at 2020 levels through
2026, one that would save $340 billion in regulatory costs, but add
at least $150 billion in higher fuel costs.
Since 2017, Congress and the Trump administration have rescinded
rules on bank oversight and broadband privacy. Regulators are also
moving to roll back rules on power plants and wetland pollution.
The U.S. Food and Drug Administration said on Wednesday that it
plans to reverse regulations that set specific content requirements
for frozen cherry pies and French salad dressing. The FDA said both
changes would "provide food manufacturers with greater flexibility."
(Reporting by David Shepardson in Washington; Editing by Matthew
[© 2018 Thomson Reuters. All rights
Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.