Sparing Change: How Your Business Can Prepare for Deregulation

THIS WEEK’S CONTRIBUTOR:

Tim Olson | Senior Environmental & Sustainability Regulatory Advisor
APTIM | Environment & Sustainability Solutions
Tim.Olson@APTIM.com
Tim is a visionary public policy attorney and a hands-on project administrator and manager. With over 10 years’ experience in developing and sharing solutions to energy and environmental crises, Tim supports the design and development of e-bike rebate, registration, application, and reimbursement systems.

 

Sparing Change: How Your Business Can Prepare for Deregulation

In an executive order on January 31 titled “Unleashing Prosperity Through Deregulation,” President Donald Trump decreed that “for each new regulation issued, at least 10 prior regulations be identified for elimination.” The order appears to broadly define “regulation” to include “memoranda, administrative orders, guidance documents, policy statements, and interagency agreements, regardless of whether the same were enacted through the processes in the Administrative Procedure Act.” The order also requires agency heads ensure that the cost of new regulations in fiscal 2025 are “significantly less than zero.”

How Deregulation Will Be Implemented

It is not immediately clear how federal agencies will go about choosing which 10 regulations to eliminate or how their wider costs will be determined. The administration is expected to face pushback from advocacy groups, lawmakers, and potentially affected industries, which may complicate the process of identifying regulations for repeal.

What is clear is that this order could significantly delay movement of pending regulations and put existing regulations into limbo over the next four years. The 1-in and 10-out framework is part of the Trump deregulatory architecture, which will include other structural reforms beyond executive orders. While some state and local jurisdictions may align with the changes that take place at the federal level, many others will enact new regulations of their own or amend existing regulations to further local priorities.

Business Opportunities of Deregulation

These actions will require companies to increase their vigilance to regulatory changes. Though deregulation may make maintaining environmental safety and sustainability more difficult, there are also significant opportunities for businesses, including:

Business Challenges of Deregulation

Yet, monitoring regulatory changes in real-time to capture these opportunities presents several challenges for businesses, including:

APTIM’s Regulatory Review Service

With APTIM as your partner, your business can seize the opportunities of deregulation while we mitigate the challenges, freeing up your staff to focus on clients and maximizing your bottom line. Our Regulatory Review Service simplifies the process of staying on top of changing regulations by affordably delivering applicable and tailored compliance information. We identify regulations that matter most to your business, provide timely insights and actionable updates, and empower you to mitigate risks and maintain compliance. When you work with our experts, you tap into a time-tested process, as well as the tools and insights to prepare for deregulation and compliance—now and into the future.

Learn more about APTIM’s Regulatory Review Services