The Executive Order 14192 is an effort by the U.S. President to reduce the number of federal regulations, aiming to stimulate economic growth. For every new regulation introduced, at least 10 existing regulations must be removed, with the goal of ensuring the total cost of regulations is reduced each year. The Director of the Office of Management and Budget is tasked with overseeing and guiding this process, and exceptions can be made for regulations related to national security, military, or very low-cost areas. The order also stipulates that regulations must be accounted for in the regulatory plans and agendas presented during the presidential budget process.
Simple Explanation
In this document, the President has decided that for every new rule made, ten old rules must be removed to try to help the economy grow. Some important rules, like those about safety or the military, can stay.