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AI Summary: This regulation is an Executive Order aimed at reducing and reviewing federal regulations. The order instructs agency heads to review and potentially rescind regulations that are deemed unconstitutional, not based on clear statutory authority, impose significant costs, impede national interests, or burden small businesses. Agencies are required to identify such regulations within 60 days and provide a list to the Office of Information and Regulatory Affairs (OIRA). The order directs agencies to prioritize their enforcement resources, focusing on regulations that represent the "best reading" of underlying statutes and are within constitutional powers. When creating new regulations, agencies must consult with their Department of Government Efficiency (DOGE) Team Leads and OIRA, considering factors like potential economic impact and constitutional limitations. The order includes definitions of key terms like "agency," "regulation," and "enforcement action," and provides exemptions for military, national security, and immigration-related functions. The regulation emphasizes reducing administrative bureaucracy and restoring what the administration views as proper constitutional governance.