IncSmart District of Columbia (Small Business and Startups)
- President Trump's latest executive order will begin the process to set an annual cap on the number of new regulations saving American business time and money. This cap will require that the addition of any new regulations be completely offset by removing existing regulations. These business regulations are reviewed by the White House's Office of Management and Budget (OMB) before they are issued. Now the OMB will also have to identify what two regulations will have to be removed when a new Regulation is added.
Mick Mulvaney of South Carolina to head the OMB.
An OMB memorandum explains three requirements specified in the Executive Order.
1 - Every agency must identify two existing regulations to be repealed when another regulation becomes law
2 - There can be no costs for any new regulations or for the repeal of any old regulations
3 - If there are any new costs, they will be offset by the elimination of the existing costs
By David Oliver
Starting a Business in Washington DC
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form DC Corporations and DC Limited Liability Companies. When you call, email, instant message or live chat with our office, expect personal attention. We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place. Think Smart. Think IncSmart.
Think Smart. Think IncSmart.