Reforming Foreign Defense Sales to Improve Speed and Accountability

The order directs Federal agencies to review all regulations under their rulemaking authority, in consultation with the Chairman of the Federal Trade Commission and the Attorney General. This review is aimed at identifying regulations that create monopolies, unnecessary barriers to new market entrants, limit competition, unduly limit competition through licensure or accreditation requirements, burden procurement processes, or impose anti-competitive restraints on the free market. Within 70 days, agency heads must provide a list of such regulations and recommendations for rescission or modification due to their anti-competitive effects.