Regulatory Relief To Support Economic Recovery
May 22, 2020
Signed by: Donald Trump
Signed on: May 19, 2020
Published on: May 22, 2020
May 22, 2020
Signed by: Donald Trump
Signed on: May 19, 2020
Published on: May 22, 2020
Summary
Tells government agencies to remove or change rules that could slow down economic recovery from the COVID-19 pandemic.
What problem does this solve?
The COVID-19 pandemic damaged the nation's economy, forcing many businesses to close and causing millions of people to lose their jobs. This order directs government agencies to remove or change rules that may prevent businesses from reopening and creating jobs.
What does this order do?
Requires agencies to remove rules that slow economic recovery
Directs all federal agencies to find and change, remove, or grant exceptions for regulations that may stop economic growth and job creation.
Reference
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Fairness in Administrative Enforcement and Adjudication.
Promotes fairness in government enforcement
Lists principles for agencies to follow, such as requiring the government to prove a violation and ensuring penalties are fair and consistent.
Encourages leniency for good-faith efforts
Tells agencies to consider not taking action against people or businesses that have made a reasonable and good-faith effort to follow the rules.
Directs use of emergency powers for the economy
Orders agency heads to use all available emergency powers to support the economic response to the COVID-19 outbreak.
Considers making temporary changes permanent
Requires agencies to review temporary rule changes made during the pandemic and report which ones could be made permanent to help the economy.
Speeds up legal guidance for businesses
Requires agencies to quicken the process for businesses to get a ruling on whether their planned actions are legal, helping them move forward with confidence.
Who does this affect?
- Businesses
- Federal Agencies
- Small Business Owners
What is the real world impact?
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Reduces regulatory burdens on businesses
Uses the economic crisis as a reason to permanently remove or change regulations. Critics might argue this could weaken protections for public health, safety, or the environment under the cover of economic relief.
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Boosts economic recovery
Aims to help the economy recover from the COVID-19 pandemic by removing government rules that might slow down business growth and job creation. This gives businesses more confidence to reopen and expand.
When does this start?
This order takes effect immediately on May 19, 2020.