There is fundamentally only one point to this executive order and that is stated as:
“Sec. 2. Regulatory Cap for Fiscal Year 2017. (a) Unless prohibited by law, whenever an executive department or agency (agency) publicly proposes for notice and comment or otherwise promulgates a new regulation, it shall identify at least two existing regulations to be repealed.”
The rest of the order is language that reiterates the two (or more) for one trade, establishes definitions, and determines how the order will be implemented.
While I certainly can support reduction of unnecessary regulation and limiting new regulations to those truly important and needed, the arbitrariness of this equation of two repealed for every one added is not only ridiculous, but ultimately not implementable.
Executive Order signed January 30, 2017.