Regulatory News

After 37 years of debate, the US government has decided to implement a strategic budget plan in the regulatory sector, with the goal of reducing regulatory costs, according to an Executive Order from President Donald Trump, dated January 30. This task has been assigned to the Office of Information and Regulatory Affairs (OIRA) - responsible for approving, modifying or vetoing any clause drafted by regulatory agencies in the United States.

Cutting costs and reducing state intervention are also aimed at reducing bureaucracy and boosting trade and industry in the country, thus stimulating greater competitiveness. With these objectives in mind, the new government has already revoked or suspended more than 90 federal regulations from its predecessor. Trump said in a speech to Congress last week that the measures are "a historic effort to massively reduce regulations that crush work."

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