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White House Tallies $10 Billion Saved by Repeal of Regulations

  • Savings are calculated over 20 years: Trump administration
  • Trump has repealed 11 Obama-era rules so far with two pending
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Trump Says Regulators Are ‘Running the Banks’

The White House estimates it will save $10 billion over 20 years by having rescinded 11 Obama-era regulations under a relatively obscure 1996 law that lets Congress fast-track repeal legislation with a simple majority.

The window to invoke the Congressional Review Act is April 28 and the Trump administration is hopeful that several other measures will pass both houses of Congress and reach the president’s desk before that date, Marc Short, White House director of legislative affairs, told reporters Wednesday.