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Budgetary Impact Analysis for Executive Order Entitled “Restoring the Rule of Law, Federalism, and Economic Growth By Rescinding the ‘Waters of the United States’ Rule”

Statement from OMB Director Mick Mulvaney:

Budgetary Impact Analysis for Executive Order Entitled
“Restoring the Rule of Law, Federalism, and Economic Growth By Rescinding the ‘Waters of the United States’ Rule”

This executive order directs the Administrator of the Environmental Protection Agency and the Assistant Secretary of the Army for Civil Works to review the final rule entitled “Clean Water Rule: Definition of ‘Waters of the United States.’” Implementing this executive order would have a de minimis impact on costs and revenues to the Federal Government. The benefits of this executive order include the potential for a more rational, streamlined permitting process for obtaining wetlands permits under the Clean Water Act, which currently costs the private and public sectors over $1.7 billion annually. Implementing this executive order would have a de minimis impact on mandatory and discretionary obligations and outlays, as well as on revenues to the Federal Government, in the 5-fiscal year period beginning in fiscal year 2017. The agencies anticipated to be impacted by this executive order are the Department of Defense and the Environmental Protection Agency.