President Donald Trump imposed less than one percent of the regulatory burdens that former President Barack Obama did during his first 100 days, according to a new study from the American Action Forum.
The conservative think tank tracked regulatory costs created by each administration during their first 100 days. AAF found that Obama imposed $4 billion in regulatory costs while Trump imposed less than one percent of that at $28 million.
Trump, whose deregulatory actions AAF suggested were a “success,” didn’t approve any major new regulations during his first 100 days but was able to slash regulatory costs.
The Market Stabilization Rule, enacted under Trump to regulate health care markets, did not impose any new burdens. Trump’s other regulatory change, a delay in the Fiduciary Rule, resulted in a $78 billion drop in regulatory costs.
Obama, on the other hand, approved nine major new rules in the beginning of his presidency. Those alone amounted to $3.1 billion.