President Trump signed an executive order directing federal agencies to waive, suspend, and eliminate any regulation that will impede economic recovery. Additionally, the President directed federal agencies to review existing waivers and flexibilities to determine if any would aid in economic recovery if made permanent beyond the public health emergency (PHE).
Specifically, the executive order directs the heads of federal agencies to identify regulatory standards that inhibit economic recovery and take action through the appropriate regulatory processes to temporarily or permanently rescind, modify, waive, or exempt persons or entities from those requirements. The order notes that the purpose of these changes should be to promote job creation and economic growth.
Additionally, the heads of federal agencies are directed to review regulatory waivers and flexibilities implemented during the PHE to determine if any would promote economic recovery if made permanent. The federal agencies are required to send a report of this review to the Office of Management and Budget, the Assistant to the President for Domestic Health Policy, and to the Assistant to the President for Economic Policy. No timeline was placed on this requirement.