Trump administration targets 702 rules in $1.5T deregulatory plan

Key Points:

• The Trump administration's Office of Information and Regulatory Affairs (OIRA) released its 2026 regulatory plan, proposing the elimination of 702 federal rules to promote economic growth, an increase from 482 rules targeted in 2025.
• OIRA projects the 2026 deregulatory efforts will yield a record $1.5 trillion in regulatory cost savings, significantly surpassing the $211.8 billion saved in Fiscal Year 2025.
• Key agencies like the EPA plan to reconsider and potentially roll back Biden-era pollution standards for vehicles and power plants, while the USDA aims to update SNAP rules to reduce fraud, revise work requirements, and align eligible foods with nutrition goals.
• The Commerce Department's Bureau of Industry and Security will introduce a new framework to safely export U.S. AI technology, ease export controls on drones for U.S. allies, and add copper to the national security tariff list.
• Overall, the plan emphasizes deregulation to foster job creation, affordability, and economic growth across multiple sectors.