Trump Administration Impact

Curated by Nicole T. Stone, J.D., M.B.A.
Director, Editorial and Content Innovation

President Donald J. Trump, his cabinet, and the 115th Congress, has already begun to and will likely continue to have significant impact on federal laws and regulations. Changes will affect the practice of several areas of law, corporations, banks, hospitals, and individuals.

Since President Trump was sworn in on January 20th, 2017, he has signed an unprecedented number of presidential actions in such a short period of time. These actions include: 8 executive orders ranging from immigration, banking and finance, health care, and infrastructure; and 12 presidential memorandums ranging from abortion, environmental and energy, finance, and trade.

On January 30, 2017, President Trump signed an executive order titled “Reducing Regulation and Controlling Regulatory Costs”, with the intention to control governmental costs related to regulations issued by federal agencies. Per the order, “for every one new regulation issued, at least two prior regulations be identified for elimination, and that the cost of planned regulations be prudently managed and controlled through a budgeting process.” Between January 20th, 2017, and February 6th, 2017, the federal agencies proposed 46 new rules, most including new regulations among various industries. This is comparative to 97 proposed rules posted during the time period in 2016. Additionally, 142 final rules have been published to the Federal Register thus far in 2017, while during 2016 155 final rules were issued between these same dates.

In the meantime, the 115th Congress has introduced over 1400 proposed bills. Many of these bills will never be considered by a Congressional Committee as only about 220 of the 1400 proposed bills are up for consideration. Among the policy areas covered by bills up for consideration are: health care related to access to emergency medical services, antitrust and health reform; finance including investor protections and bankruptcy protections; and immigration covering sanctuary cities and national security matters.

What we know today is that there is a lot of momentum to shift the legal and regulatory industries away from the standard followed during the last several Presidential Administrations. How these changes will impact your clients or your corporations may be unclear; however, the need for accurate information has never been more necessary.

Wolters Kluwer Legal & Regulatory U.S. is committed to providing apolitical, timely, and authoritative news and analysis that you can trust regarding the impact Trump’s new administration and Congress will have on the legal and regulatory industries. Because the ACA is currently the key priority for Congress and President Trump, we have created a topic page that will focus on the potential impact to health care. Along with WK expert analysis written by WK Editorial Staff and leading industry experts, this page will include updates on both proposed and passed legislation, the Affordable Care Act, Medicare, and Medicaid. As President Trump and Congress focus their attentions on other areas of law, we will continue to provide coverage so you have the information you need when you have to be right for your clients or corporation.