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John:
Good Morning from Capitol Hill.
The House and Senate are both back in session this week. Both are scheduled to be in session for the whole week.
The House and the Senate continue to try and advance Appropriations bills, even as the deadline of September 30th, the end of the fiscal year, creeps into view. That is when the government will need to come together on how to fund the government in order to prevent a government shutdown. Really three options exist: extend current funding through a Continuing Resolution (CR), pass and then have the President sign all 12 appropriations bills, or do some combination of both.
The White House recently sent to Congress a list of policies to include in the CR - called anomalies - that they would like to or need to have extended in a “Clean CR”. President Trump is also urging Members of Congress to support a “clean” short-term CR to late November. With narrow margins in both the House and the Senate, final passage on the short-term government funding bill could be a tight margin.
Another priority of the White House, but not as well publicized, is massive deregulation. In the President’s first term, his goal was a ratio of eliminating two rules or guidance documents for everyone one issued. At the start of the Administration, President Trump signed Executive Order 14192, Unleashing Prosperity Through Deregulation which identified a ten to one goal. As outlined in the purpose section of the EO, it reads in part, “It is the policy of my Administration to significantly reduce the private expenditures required to comply with Federal regulations…To that end, it is important that for each new regulation issued, at least 10 prior regulations be identified for elimination.”
A little over a month after signing the EO, the Council of Economic Advisors issued a memo detailing the savings as a result of President Trump rolling back President Biden era regulations. “Since returning to office, President Trump has saved American over $180 billion, or $2,100 per family of four, by halting proposed Biden-era regulations.”
Stunningly, at a recent cabinet meeting, Office of Management and Budget (OMB) Director Russ Vought announced that the Administration has achieved a ratio of eliminating thirty rules or guidance documents for every one issued.
These changes are not small, either. “The Endangerment Finding,” which has been used to justify $1 trillion in costly regulations related to emissions regulations for motor vehicles and engines to the American people, is apart of this deregulation. While in a silo, deregulation is an important part of this Administration’s economic efforts, but it doesn’t tell the whole story. Deregulation has been coupled with an aggressive approach on reducing spending, growing private sector economy, bringing in revenues through tariffs, and unleashing America’s energy producers, which is resulting in a strengthening economy.
Moreover, the Administration recently released the “Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions”. This agenda details the thousands of rulemakings outlined that the Administration plans to make over the next year and beyond. From the looks of it, the Trump Administration plans to continue to be very active on the deregulatory front.
ICYMI…
- The State Freedom Caucus Network recently hosted their Summit last week with Border Czar Tom Homan, delivering the keynote address.
- The National Conservatism conference took place in Washington recently and CPI’s Vice President of Programs, Rachel Bovard, took the stage in the first session and delivered a great opening speech “Welcome to Next Time”. If you want a sense for where the NatCon movement’s energy and focus grew out of, you’ll want to watch her speech.
Sincerely,
Hugh Fike
Senior Director, CP Academy
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