CRE Community Eagerly Awaits Trump’s Deregulation Agenda

Article originally posted on Globe St. on January 21, 2025

During his first day in office, President Donald Trump issued several executive actions and orders, including rescinding 78 executive actions implemented by the Biden administration. They covered various subject areas from ending birthright citizenship to declaring a national emergency on the U.S.-Mexico border and rolling back certain Biden environmental and climate regulations.

The latter gives the business community a taste of what will come from Trump’s expected regulatory touch. One common trait the business community – and CRE in particular – disliked about the Biden Administration was its approach to regulation. Goldman Sachs CEO David Solomon, for example, recently said that the Biden administration’s regulatory policies have led to hesitation among CEOs regarding new investments.“[The Trump administration] has sent a clear message that they want to back that off,” he said.

Trump unveiled an ambitious deregulation plan for his potential second term during his campaign. The proposal represents one of the most extensive deregulatory efforts in U.S. history, aiming to dramatically reduce government oversight across various sectors of the economy.

At the heart of Trump’s plan is a striking goal: to eliminate 10 regulations for every new one introduced. This target significantly surpasses his first-term objective of cutting two regulations for each new one, signaling an even more aggressive approach to deregulation.

To spearhead this initiative, Trump established an outside advisory group called the Department of Government Efficiency (DOGE) and one of his executive orders yesterday created it as an advisory group, which was immediately served with several lawsuits. This group is tasked with developing strategies to streamline government operations and reduce regulatory burdens.

The plan is expected to target a wide range of areas, including environmental regulations, financial sector oversight, energy policy, and federal workforce reforms.

To implement these changes, Trump and his allies are considering various legislative tools, according to a report in The Wall Street Journal, including the Congressional Review Act, which allows for the reversal of recently enacted regulations. Senator John Thune of South Dakota has indicated that Republicans are already identifying rules eligible for reconsideration under this act.

However, Trump’s deregulation agenda is likely to face significant challenges. Legal disputes from businesses and consumer groups are anticipated, echoing the battles over executive actions during Trump’s first term. Additionally, resistance from career civil servants – Trump also ordered the federal workforce to return to the office five days a week – and potential opposition from Democrats in Congress could impede the implementation of these sweeping changes.
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