In FYs 2017 and 2018, the EPA exceeded its deregulatory expectations under EO 13771. In addition, the EPA exceeded the savings goals associated with the EO. Specifically, in FY 2017, the EPA achieved an annualized cost savings of $21.5 million via 16 deregulatory actions and one regulatory action. In FY 2018, the EPA achieved an annualized cost savings of $75.1 million via 10 deregulatory and three regulatory actions. EO 13771 is commonly referred to by media outlets as the “two-for-one” EO.
Specifically, the EO requires that “for every one new regulation issued, at least two prior regulations be identified for elimination.” In addition, the EO states that “any new incremental costs associated with new regulations shall… be offset by the elimination of existing costs associated with at least two prior regulations.” An agency is in compliance with EO 13771 if, by the end of each fiscal year, its total deregulatory actions number at least two times its total regulatory actions and its cost savings goals are met.
OIG Executive Order 13771 Report