The memorandum from the President directs the Office of Management and Budget (OMB) to develop recommendations for improving and modernizing the regulatory review process. It emphasizes creating regulations that promote public health, safety, economic growth, social welfare, racial justice, and environmental stewardship. The memo also highlights the need to consider the effects of regulations on disadvantaged communities and to ensure that regulatory initiatives are beneficial. Moreover, it underscores the importance of making the review process more efficient, transparent, and inclusive.
Simple Explanation
The President asked a team to find ways to make rules that keep people safe and healthy, while also being good for the environment and treating everyone fairly. They're trying to make sure this team listens to everyone and doesn't slow down or stop good rules from happening.