Executive Order 13771 and a number of follow-up actions were put in place by President Trump in 2017 that initiated a broad-sweeping regulatory policy, which required that whenever an agency proposes a new rule, it must identify two existing regulations to repeal. In his first day, President Biden revoked this rule with an Executive Order, which also dissolved the regulatory review officer positions for each agency. The Biden Administration also published two executive memoranda, one that froze all pending regulations of the Trump Admin, and another that reaffirmed the prior Office of Information and Regulatory Affairs (OIRA) in the Office of Management and Budget (OMB) review policies that include the recent Executive Order 13563 under the Obama Administration. These actions mark a huge blow to Trump’s deregulation movement by scrapping the prior administration’s deregulatory measures that targeted regulations which were deemed too costly to certain industries.
Coffee & Trade 