Trump administration claims 646 deregulatory actions, $212B savings
The Trump administration says it has carried out 646 deregulatory actions and imposed just five new rules in fiscal year 2025 under a January executive order directing agencies to cut 10 regulations for every new one, with the Office of Management and Budget claiming $211.8 billion in net cost savings — about $600 per American. OMB Director Russ Vought touts the campaign as the most ambitious deregulation drive in U.S. history, citing changes like ending TSA’s shoe‑removal requirement and scrapping a FinCEN beneficial‑ownership reporting rule, while critics warn some Labor Department rollbacks could weaken worker protections.
📌 Key Facts
- OMB reports agencies submitted more than 1,300 regulatory proposals to OIRA in 2025, yielding 646 deregulatory actions and only 5 new rules.
- OMB claims the deregulatory moves produced $211.8 billion in net cost savings in FY 2025, which it equates to more than $600 per American.
- The push is driven by a January Trump executive order requiring agencies to eliminate 10 regulations for every new one adopted.
- Examples cited include ending TSA’s requirement that passengers remove shoes at airport screenings and eliminating a FinCEN rule requiring owners’ personal information to be reported for many U.S. businesses.
- OMB says the largest concentration of rule cuts came from Treasury, Veterans Affairs, Transportation, Agriculture and Homeland Security, while critics single out a Labor Department proposal to cut more than 60 workplace rules.
📊 Relevant Data
In 2023, Hispanic workers accounted for 24% of fatal work injuries while comprising 19% of the U.S. population, indicating an overrepresentation in workplace fatalities.
Work Injuries and Illnesses by Race or Ethnic Origin — Injury Facts - National Safety Council
Lost-time injury rates in 2025 were 1.74 cases per 100 full-time equivalent workers for Black workers and 1.90 for Hispanic workers, compared to 1.00 for White workers.
Racial and Ethnic Disparities in Occupational Health — PMC - NIH
Low-wage workers in the U.S. are disproportionately Black and Hispanic, with Black workers making up 15% of low-wage workers (compared to 12% of the population) and Hispanic workers 25% (compared to 18% of the population).
A closer look at low-wage workers across the country — Brookings Institution
The FinCEN beneficial ownership information reporting requirement was designed to prevent illicit finance by requiring companies to report information about the individuals who ultimately own or control them.
Frequently Asked Questions — FinCEN.gov
Studies indicate that reduced regulatory enforcement is associated with higher workplace injury and fatality rates.
What deregulation means for business, safety, and the environment — BLR