Amidst a first-week flurry of executive orders on trade, immigration, and construction of a U.S.-Mexico border wall, President Trump signed an executive order aimed at peeling back many Obama-era regulations. On Monday,January 30, 2017, President Trump signed a so-called “One In, Two Out” executive order directing federal agencies, among other things, to nix two regulations for every one they implement. The order also requires that new 2017 regulations have a zero net cost after factoring in money saved through repeals, and gives the White House Office of Management and Budget the final word on whether cost savings goals are sufficiently achieved. Importantly, the order explicitly exempts regulations dealing with military, national security, or foreign affairs and regulations affecting agencies’ organization, management, or personnel from its reach.