The results of the U.S. presidential election are historic and unanticipated, and they will have significant economic, political, legal and social implications. As we prepare for the Trump presidency, many uncertainties remain regarding how the incoming administration will govern. President-elect Trump has stated that he will pursue vast changes in diverse regulatory sectors, including international trade, health care, and energy and the environment. These changes are likely to reshape the legal landscape in which companies must conduct their business, both in the United States and abroad.
While Trump has issued statements about the sweeping changes that he intends to make in his first 100 days in office, he is limited in his ability to act unilaterally through executive orders alone. In many areas and ways, as a matter of U.S. law, regulatory changes will require a process of public notice and comment, pursuant to the Administrative Procedure Act, before they can be implemented. Still others will require congressional legislation to comply with established statutes that constrain the President's power to act unilaterally.
Moreover, the Transition Team is in the process of identifying personnel to fill the open Cabinet positions. These selections will provide insight into how the new administration will begin to implement its policies in the months ahead, including the extent to which Trump will pursue his policy positions stated during the campaign.
With this in mind, we have provided an initial summary of possible regulatory changes that we can expect.
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