In a recent video message, President-elect Trump promised to develop a plan to eliminate two old regulations for each new one. However, it was reportedly Canada that first developed such a rule when it implemented its “One-for-One” law in April 2015 as part of a regulatory reform agenda. A recently published paper by Sean Speer, a senior fellow at the Washington, D.C.-based think tank R Street Institute, considers how Canada’s track record with so-called “regulatory budgeting” can provide useful lessons to U.S. policymakers considering similar options for reform.

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