Executive Order 14192

Unleashing Prosperity Through Deregulation

Signed 2025-01-31 in effect
DeregulationGovernment ReformEconomic PolicySeparation of powers ↗
Government ReformEconomy & Finance Deregulation

Requires agencies to repeal at least 10 existing regulations for every new regulation issued. Establishes a "regulatory budget" capping the total cost of new regulations at zero. Extends the Trump 45-era "two-for-one" rule to an aggressive 10-for-one standard.

Section by Section

What each section does, and how they differ.

Sec. 1 Purpose

Reduce unnecessary regulatory burdens and advance fiscal responsibility.

Sec. 2 Policy

Executive branch must be prudent in expenditure and alleviate unnecessary regulatory burdens.

Sec. 3 Regulatory Cap for Fiscal Year 2025

Agencies must identify 10 existing regulations to repeal for each new rule; total incremental cost for new rules must be significantly below zero in 2025.

Sec. 4 Annual Regulatory Cost Submissions

Beginning FY 2026, agencies must identify offsetting regulations and provide cost estimates; the Director sets annual cost allowances per agency.

Sec. 5 Definition

Regulation includes rules, memoranda, guidance, and policy statements but excludes military, security, and personnel regulations.

Sec. 6 Implementation

OMB implements via updated guidance, revokes OMB Circular A-4 (2023), and reinstates the 2003 version.

Sec. 7 Severability

Standard severability clause: if a court strikes any provision, the rest of the order stands.

Sec. 8 General Provisions

Standard boilerplate: preserves existing agency authority, conditions the order on appropriations, and creates no enforceable private rights.