A new executive order outlines the Trump administration’s 10-1 deregulation initiative. It requires each agency to identify ten existing rules, regulations, or guidance documents that can be repealed for every single new rule, regulation, or guidance document promulgated.  

The order also requires that the total incremental cost of all new regulations – including repealed regulations – be “significantly less than zero” for fiscal year 2025. In addition, the director of the Office of Management and Budget will be tasked with ensuring a standardized measurement and estimation of regulatory costs be used across agencies.  

Under the first Trump administration, a "2-for-1" policy required two deregulatory actions costing less than zero for every new regulatory action costing more than zero. Regulatory actions included significant rules or guidance, while deregulatory actions covered broader categories like rule repeals, guidance revisions, or withdrawn proposals.

Protecting credit unions from regulatory overreach is a top priority of America’s Credit Unions, as shared during the transition and early days of the administration.  

Read more.