Trump Administration Plans to Eliminate 702 Federal Regulations, Projecting $1.5 Trillion in Savings

The Trump administration has released a regulatory plan aiming to eliminate 702 existing administrative rules, marking a record number of deregulatory actions. Measures slated for removal by the end of September include environmental review requirements for energy projects, energy efficiency standards, and rules promoting diversity, equity, and inclusion. The administration projects these cuts will save the economy $1.5 trillion.