Undo changes to the order governing regulatory review
What the document says“the next President should immediately begin to undo those changes and develop a rigorous, data-driven approach that will result in the least burdensome rules possible.”
The chapter says the President should maintain Executive Order 12866, the foundation of OIRA's review of regulatory actions, and should keep its extension to Treasury. If the Biden Administration modified that order or OMB Circular A-4, which underpins cost-benefit analysis, the next President should immediately begin undoing those changes.
What the document actually says“the next President should immediately begin to undo those changes and develop a rigorous, data-driven approach that will result in the least burdensome rules possible.”
The next president should undo those changes right away. He should build a strict method that keeps rules as light as possible.
One old order sets how new rules get checked. It weighs the cost against the good they do. The book says if the last president changed it, the next one should change it back.
Unleashing Prosperity Through Deregulation
2025-01-31 · 90 FR 9065
Executive Order 14192 does both of the specific things the passage names. Section 6(b) revokes OMB Circular A-4 of November 9, 2023, the document that underpins the weighing of costs against benefits and that the passage says should be restored if it was changed, and reinstates the prior version issued on September 17, 2003. Section 6(c) reinstates the 2018 memorandum of agreement between the Treasury Department and the Office of Management and Budget on review of tax regulations under Executive Order 12866, which is the extension to Treasury the passage says should be maintained. The fit breaks down because the order does not touch the amendments made to Executive Order 12866 itself by Executive Order 14094 in 2023, including the raised threshold for a significant regulatory action, and because it adds a ten-for-one repeal requirement and an agency-by-agency cost allowance that the passage does not ask for.
The order does both things the chapter named. It drops the 2023 guide on weighing costs and brings back the 2003 one. It also brings back a 2018 deal on tax rules. But it leaves the 2023 changes to the main order in place, and adds cuts the chapter did not ask for.