Executive Order
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Zero-Based Regulatory Budgeting To Unleash American Energy
AI Summary:
This is a policy document: an Executive Order establishing a "Zero-Based Regulatory Budgeting" process for federal agencies involved in energy and environmental regulation. This regulation requires specified federal agencies, including the EPA, Department of Energy, and others, to implement sunset provisions for their existing and new regulations governing energy production. Under this order, each covered regulation will have a Conditional Sunset Date, initially set at one year after the rule's effective date, with the possibility of extension after a public comment period. Agencies must periodically review their regulations to ensure they serve the public good, and new regulations cannot have a Conditional Sunset Date more than 5 years in the future. The order applies to a wide range of energy and environmental statutes, compelling agencies to systematically re-examine and potentially rescind outdated or ineffective regulations. The goal is to stimulate innovation, reduce regulatory burden, and modernize the regulatory landscape, particularly in the energy sector, by creating a mandatory review process that forces agencies to justify the continued relevance of their existing rules.