The idea is to establish an administrative agency with the power to deregulate – to identify undesirable regulations passed by other agencies and to repeal those regulations. … For example, this deregulatory agency could identify an environmental regulation that is particularly problematic and attempt to repeal it. Ultimately, the EPA might object to this action and the President would have to decide the matter. If Presidents, including pro-regulation Presidents like Obama, get to decide the issue, would the deregulatory agency have any effect?
The likely answer to the final question is “yes, at least at the margins” because every administration, from the most to the least regulatory in its instincts, is the scene of internal debates, and such an agency would probably work to strengthen the hand of regulatory skeptics even if it did not win all of its inter-administration battles.