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[JURIST] US President Donald Trump [official profile] on Monday signed an executive order [text] aimed at reducing the number of federal regulations. The executive order requires two regulations to be eliminated for every new one created and caps the costs of new regulations, which, according to White House officials, will spur economic growth. According to the executive order:
Unless prohibited by law, whenever an executive department or agency publicly proposes for notice and comment or otherwise promulgates a new regulation, it shall identify at least two existing regulations to be repealed. [Furthermore], for fiscal year 2017, which is in progress, the heads of all agencies are directed that the total incremental cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero.
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