The domestic policy watchdog American Action Forum (AAF) gave President Donald Trump high marks in its end of fiscal year report, lauding the president for $645 million in regulatory savings.
And with another $600 million on the way.
AAF called Trump's executive order (EO 13371) reducing regulation and the costs associated with it "one of the most significant developments in regulatory policy in decades."
Trump followed through on his promise to establish a regulatory budget that for every one regulation, two would get killed, AAF reported.
The bulk of the savings this year came from the Pentagon ($400 million) with another $100 million in savings from the Department of Education, AAF reported.
More will come, but it will take time.
Trump's EO "is more of a framework for reorienting agency priorities than a precisely crafted, hard and fast set of requirements. By any measure, it has been a significant period for regulatory reform," AAF research analyst Dan Goldbeck wrote.
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