The White House said on 20 July that it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government’s regulatory footprint.
In a report, the Trump administration said it had withdrawn 469 planned actions that had been part of the Obama administration’s regulatory agenda published last fall. Officials also reconsidered 391 active regulatory proceedings by reclassifying them as long-term or inactive “allowing for further careful review,” the White House said.
The steps to eliminate regulations makes good on a much-repeated Trump campaign promise to promote business-friendly policies. Investors have anticipated the action, helping to push share prices higher on hopes that fewer regulations will boost business growth and lead to higher corporate profits.
The Trump administration has identified nearly 300 regulations related to energy production and environmental protection it plans to rescind, review or delay across three agencies—the Environmental Protection Agency and the Interior and Energy Departments.
Trump had identified several of the regulations as targets in his March executive orders on energy, but they will now undergo a formal rulemaking process to be rescinded or revised.