Require federal agencies to remove two regulations if they want to put in place a new regulation. Agencies could barter among themselves.
The benefit is that it clears out unneeded and out of date regulations that are still on the books. It will shorten the record keeping and simplify compliance for businesses.
Like bringing new furniture into a home. When a new piece comes in, something has to go. This policy proposal though takes this concept further leading to an overall reduction in regulations. A