Mark Paoletta says projected $1.5T in cost savings will far surpass the record $211.8B achieved in fiscal 2025Mark Paoletta says projected $1.5T in cost savings will far surpass the record $211.8B achieved in fiscal 2025

Trump admin maps out sweeping rollback of regulations in push to save $1.5T

2026/07/07 03:51
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The Trump administration on Friday laid out a sweeping deregulatory plan to eliminate over 700 rules across federal agencies.

The Office of Information and Regulatory Affairs (OIRA) released its 2026 regulatory plan which covered 702 deregulatory actions, an increase from 482 in the 2025 regulatory plan released by the Trump administration.

OIRA is part of the White House's Office of Management and Budget (OMB), and the agency indicated this year's unified regulatory agenda aims to rollback rules impeding economic growth.

"The North Star of this Regulatory Plan is improving the lives of Americans. At its core, this document outlines how the Trump Administration is promoting economic growth, jobs, and affordability," said Mark Paoletta, general counsel performing the duties of the OIRA administrator.

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Paoletta added that OIRA estimates the 2026 regulatory plan will lead to a significant increase in regulatory cost savings above the record set last year.

"The President's bold deregulatory efforts yielded $211.8 billion in cost savings for Americans in Fiscal Year 2025 – a level of regulatory savings never before achieved in American history," Paoletta explained. "Yet Fiscal Year 2026 will go far beyond even that number with a record-setting $1.5 trillion in projected cost savings."

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The 2026 regulatory plan includes a wide range of rules changes across federal agencies. For example, the Environmental Protection Agency (EPA) signaled it will reconsider Biden-era pollution standards for light- and medium-duty vehicles, as well as repealing carbon pollution standards that affect power plants powered by fossil fuels.

The Department of Agriculture (USDA) said that it will propose a new rule covering the Supplemental Nutrition Assistance Program (SNAP) that includes new requirements for retailers aimed at deterring fraud and abuse within the program.

USDA also plans to revise work requirements for able-bodied adults enrolled in SNAP, along with revising the definition of eligible foods within the program to align with the administration's nutrition goals. Food safety inspections are also to be modernized under a proposed rule that would include the removal of outdated inspection procedures.

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The Commerce Department's Bureau of Industry and Security (BIS), which oversees export controls and looks to support national security and the defense industrial base, will implement a new framework for safely spreading U.S. artificial intelligence (AI) technology around the world.

BIS also plans to reduce export controls on drones that are provided to certain U.S. partners and allies, as well as including copper in the administration's national security tariff regime.

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