NMMA has been working with the Trump Administration to ease regulatory burden, and in 2017 federal agencies issued 67 deregulatory actions while imposing only three new regulatory actions, helping to minimize the redundancy and duplication that drains companies’ resources. Agencies also achieved $8.1 billion in lifetime net regulatory cost savings, the equivalent of $570 million per year.
Last week, the administration released its first full Regulatory Plan and Unified Agenda of Regulatory and Deregulatory Actions for 2018. Highpoints of the plan include:
- The Regulatory Plan and Unified Agenda of Regulatory and Deregulatory Actions gives a detailed look at the Administration’s plan to continue rolling back regulations.
- Agencies plan on achieving even more regulatory rollbacks in FY 2018 compared with FY 2017, and plan to issue at least three deregulatory actions for every one new regulation.
- In this Administration, agencies have withdrawn or delayed 1,579 planned regulatory actions.
- 635 regulations were withdrawn.
- 244 regulations were made inactive.
- 700 regulations were delayed.
- For the first time, the Federal regulatory database will identify whether regulations are anticipated to be net regulatory or deregulatory.
- Reginfo.gov will now provide a list of inactive regulatory actions, not released in previous administrations.
NMMA will continue to work with the Administration on regulatory reform, specifically on issues benefiting the recreational boating industry including the Renewable Fuel Standard (RFS), Carryover Certification Applications, Bio Butanol approval, and more.