We The People

We The People

Wednesday, February 1, 2017

Report: Trump Halted $181B in Regulatory Costs on First Day in Office

Report: Trump Halted $181B in Regulatory Costs on First Day in Office:

"The Trump administration memo stopped the publication of new rules in the Federal Register, withdrew regulations that were sent for formal publication so they can be reviewed, and postponed recently finalized regulations for 60 days.

The American Action Forum found 206 rules that are subject to the administration memo, including five major rules that will likely be scaled back or withdrawn altogether.

One rule halted was the National Highway Traffic Safety Administration and the Department of Transportation's plan to mandate all new cars, vans, and SUVs install technology that would share their speed and brake status information with nearby vehicles.

The Vehicle-to-Vehicle Communications rule would have cost an estimated $108 billion. The regulation is in its beginning stages, with plans to finalize in 2019."