Washington Report

Advocacy Updates from Washington D.C.

President Eases Regulatory Burden

On July 16, 2020, Brenda Small, Chair of the 2020 Public Policy Coordinating Committee, attended an event at the White House to bring attention to President Trump’s efforts to deregulate the American economy. Since taking office, President Trump's deregulatory actions have cut regulatory costs by nearly $50 billion, with savings reaching $220 billion once major actions are fully implemented. Sixteen pieces of deregulation legislation signed by President Trump are expected to increase annual real incomes by more than $40 billion and will help save American households an estimated $3,100 each year.

Several actions of interest to REALTORS® related to President Trump’s deregulatory agenda include:

  • The White House Commission on Barriers to Affordable Housing, which seeks to investigate and eliminate regulations and other impediments to develop affordable housing;
  • Revising the Waters of the U.S. (WOTUS) Rule, which now provides more certainty and transparency to determine what level of government regulates the country’s water bodies; and
  • Reforming the National Environmental Policy Act (NEPA), which is now more predictable and transparent, and will facilitate the development of critically-needed transportation and infrastructure projects.

Advertisement