Trump ‘2-for-1’ Executive Order May Save Lives

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Many federal regulations harm health or safety. So President Trump’s executive order today requiring “agencies to revoke two regulations for every new rule they want to issue” could potentially be quite beneficial.

Revoking ill-conceived regulations could save hundreds of thousands of lives by expanding access to organ transplants, and new drugs and therapies.

Currently, there are federal regulations that impede smoking cessation devices needed to reduce the death toll from cigarettes, and make it harder to fight infectious diseases and control disease-carrying pests.

Other U.S. regulations cost thousands of lives in developing countries by driving up food prices and shrinking the food supply, which results in an increased death toll due to malnutrition and hunger-related diseases.

Still other regulations have helped destabilize and impoverish war-torn regions where hunger is already widespread, such as regulations issued pursuant to the 2010 Dodd-Frank Act.

Other nations have gone much further than Trump’s “two-for-one” order, and benefited as a result.

As The Hill newspaper notes, “the U.S. isn’t the first country to impose such a restriction on regulators. Trump could use similar policies in Canada, Australia and the United Kingdom as a model for his order.

For every rule issued in the U.K., three existing rules must be eliminated. According to a U.K. government report, that requirement saved businesses £885 million from May 5, 2015 to May 26, 2016, or nearly $1.1 billion based on current conversion rates.”

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