Question

4. What are the pros and cons of the Trump administration’s current two-for-one regulation policy?

Answer 1

Pros for two for one regulation policy:- Trump Administration's two for one regulation policy is an Executive order 13771 signed by Donald Trump Which aims at reducing regulation and controlling regulation costs. This regulation policy directs executive departments or agencies to repeal at least two regulations at the the time of announcing a new regulations publicly. The implementation of the new executive regulation should be less than or equal to 0 dollars. If the costs of new regulation goes up above the stipulated costs, it would be funded by eliminating more regulations. The new regulation will stress on the ease of doing and expansion of small businesses which had been treated very badly due to stringent regulations in USA.

Cons for two for one regulation policy:- Though this regulation policy has been well approved by businessmen and U.S chamber of commerce, it is also feared by scholars, executives and practitioners that reduction of regulations with the implementation of one will make the newer one more complex and longer. Many have criticised Trump for considering the costs cutting of regulations instead of understanding the benefits of regulations.