Trump Administration Answers MSCI’s Call For Regulatory Review

On Feb. 19, President Donald Trump signed an executive order that will begin the process of reviewing past regulations for revision or elimination by directing federal agencies to identify, within 60 days, any past rules that:

• Raise serious constitutional difficulties;
• Are based on unlawful delegation of legislative power;
• Harm the national interest by significantly and unjustifiably impeding technological innovation, infrastructure development, disaster response, inflation reduction, research and development, economic development, energy production, land use, and foreign policy objectives;
• Impose significant costs not outweighed by public benefits on the public; and
• Unduly burden small business or impede private enterprise and entrepreneurship.

The executive order also gives agency leaders the discretion to end enforcement proceedings they believe to be noncompliant with the law or the Trump administration’s authority.

This new investigation aligns with recommendations the National Association of Manufacturers, the Metals Service Center Institute, and more than 100 other manufacturing associations made to the incoming Trump administration in December regarding the need to address the scope and breadth of federal regulations. In that memo, which can be found at this link, NAM, MSCI, and their allies called for a “regulatory reset” to “stop the trend of overreaching regulations that seek to expand agencies’ authority.”

Read more about President Trump’s executive order at this link.