Issue Position: Regulatory Reform

Issue Position

Regulatory reform is cornerstone of the Trump Administration, and the effort will include a temporary moratorium on all new regulation, canceling overarching executive orders and a thorough review to identify and eliminate unnecessary regulations that kill jobs and bloat government.

Federal regulators have issued 20,642 regulations since 2009, which have increased regulatory compliance costs by more than $100 billion annually.[1] Independent estimates total regulatory costs as exceeding $2 trillion annually[2] and small businesses, the driver of job creation, disproportionally face higher annual regulatory costs of $10,585 per employee per year ­-- 36 percent above the regulatory cost facing large firm.[3]

The regulatory bureaucracy is enormous and its impact on our economy, communities and individual Americans from coast to coast is even larger. While reasonable regulations are needed to address issues ranging from ensuring public safety to ensuring proper stewardship of our National Parks' crown jewels, this can be accomplished without the profound damage to our economy and our freedoms that is currently inflicted by the regulatory bureaucracy. The Trump Administration is committed to regulatory reform that will produce sensible regulations that allow America to be great.

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