Press Release
December 17, 2019
The Rules that Will Drive the FY 2020 Regulatory Budget
The Trump Administration recently unveiled its fiscal year (FY) 2020 regulatory budget, and its cumulative savings target, $51.6 billion, would more than double the savings of all previous Trump Administration regulatory budgets combined. But a closer look at the targets of individual agencies shows that just a few agencies largely drive the final results, writes AAF’s Director of Regulatory Policy Dan Bosch.
His central points:
- Only 10 agencies have regulatory-impact targets other than $0;
- Savings for these agencies will primarily come from finalization of the Safer Affordable Fuel-Efficient Vehicles Rule, which it appears will save about $80 billion; and
- On the cost side of the ledger, the Department of Homeland Security will impose $35.2 billion mostly from rules aimed at restricting immigration.