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Governor Glenn Youngkin announced that his administration has successfully cut more than 26.8% of regulatory rules in Virginia—surpassing his original goal of 25%. These changes are expected to save Virginians over $1.2 billion each year.
The reductions come from Executive Order 19, which Youngkin issued in 2022 to create the Office of Regulatory Management. This office was tasked with simplifying regulations, increasing transparency, and easing the burden of red tape across the state.
One major win: changes to Virginia’s building code are expected to save homebuyers about $24,000 per house, totaling more than $700 million in savings per year.
Youngkin said the state isn’t stopping at 25%. They’re now aiming for a 33% reduction in regulations, which he says will help lower the cost of living even more.
Virginia has also cut nearly 12 million words from official guidance documents, slashing nearly half of the overall volume.
Officials say Virginia’s approach is now a national model, with other states looking to copy its success.
Youngkin shared this news at 84 Lumber, a major building supply company, highlighting how regulatory reform can support businesses and families alike.
SOURCE: RocktownNow