(a) Beginning with the Regulatory Plans (required under Executive
Order 12866 of September 30, 1993, as amended, or any successor order)
for fiscal year 2018, and for each fiscal year thereafter, the head of
each agency shall identify, for each regulation that increases
incremental cost, the offsetting regulations described in section 2(c)
of this order, and provide the agency's best approximation of the total
costs or savings associated with each new regulation or repealed
(b) Each regulation approved by the Director during the Presidential
budget process shall be included in the Unified Regulatory Agenda
required under Executive Order 12866, as amended, or any successor
(c) Unless otherwise required by law, no regulation shall be issued by
an agency if it was not included on the most recent version or update
of the published Unified Regulatory Agenda as required under Executive
Order 12866, as amended, or any successor order, unless the issuance of
such regulation was approved in advance in writing by the Director.
(d) During the Presidential budget process, the Director shall
identify to agencies a total amount of incremental costs that will be
allowed for each agency in issuing new regulations and repealing
regulations for the next fiscal year. No regulations exceeding the
agency's total incremental cost allowance will be permitted in that
fiscal year, unless required by law or approved in writing by the
Director. The total incremental cost allowance may allow an increase or
require a reduction in total regulatory cost.
(e) The Director shall provide the heads of agencies with guidance on the implementation of the requirements in this section.