• Nullifies the definition of “ significant regulatory action ” that set a threshold for annual effect on the economy to $ 200 million or more ; the preceding – and therefore now applicable – threshold had been $ 100 million .
• Under the Unleashing American Energy EO , Trump also revoked Biden ’ s Executive Order 13992 of January 5 , 2021 ( Revocation of Certain Executive Orders Concerning Federal Regulation ).
• EO 13992 rescinded several Trump-era EOs designed to reform the federal rulemaking process such as :
• The “ two-for-one rule ,” which required the elimination of two regulations for each new one introduced ( Trump EO 13771 )
• Stricter " Administrative PAYGO " system that required federal agencies to offset any increases in mandatory spending from discretionary administrative actions , and a requirement that proposed actions must include cost estimates and offsetting spending reductions ( Trump EO 13893 )
• EO 13992 also :
• Empowered agencies to use regulatory tools to address public health , environmental challenges , social welfare , and racial justice
• Reaffirmed role of benefit-cost analysis in rulemaking bracewell . com 11