TRUMP ISSUES EXECUTIVE ORDER TO PUSH FOR MORE DEREGULATION
June 12, 2020
On May 19, 2020, President Trump signed an executive order, available here, calling on federal agencies to increase their deregulatory efforts and ease enforcement of existing rules to help the economy recover from the steep downturn caused by the coronavirus pandemic. The Executive Order states that “agencies should address this economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.
The Executive Order further directs agencies to identify rules that could “inhibit” economic recovery and do whatever possible to repeal, waive or ease the rules for regulated businesses. Additionally, the Executive Order allows agencies to decline to pursue enforcement against any entities that tried to comply with rules but were unable because of the coronavirus. Finally, the Executive Order directs agencies to consider whether any temporary regulatory actions taken during the COVID-19 epidemic should be made permanent. The Office of Management and Budget is expected to issue a more detailed memo on how to implement the order in the coming weeks.
If you have any questions, please contact Evelyn Sahr (esahr@eckertseamans.com or 202-659-6622); Drew Derco (dderco@eckertseamans.com or 202-659-6665), or Andy Orr (aorr@eckertsemans.com or 202-659-6625).
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