OMB has told agencies to report by March 31 the information used to compile the Unified Agenda of Federal Regulatory and Deregulatory Actions, a routine notice that this year contains several new requirements reflecting EO 13771, “Reducing Regulation and Controlling Regulatory Costs,” issued by President Trump.
The directive states that agency submissions “should reflect attention” to requirements in that order that:
*”The total incremental costs of any new significant regulatory actions issued between noon on January 20, 2017 and September 30, 2017 shall, to the extent permitted by law, be fully offset as of September 30, 2017; and
* “Agencies should, for each new significant regulatory action that imposes costs and that an agency plans to issue on or before September 30, 2017, identify two existing regulatory actions the agency plans to eliminate or propose for elimination on or before September 30, 2017.”
OMB also noted that order states for fiscal year 2018 and beyond, agencies must identify, for each regulation that increases costs, offsetting regulations and provide the agency’s best approximation of the total costs or savings associated with each new regulation or repealed regulation.
The new submissions also should “include a preliminary estimate of the total costs or savings associated with each of your planned fiscal year 2018 significant regulatory actions and offsetting deregulatory actions,” says the directive, which also includes instructions on the process to be followed.