Since the November elections, investors have been focused on President-elect Biden It is easy to overlook the impact of regulations on the economy because they are inherently difficult to quantify. Federal agencies are only required to conduct cost-benefit analyses on rules deemed “economically significant,” which are defined as having an annual effect on the economy of at least $100 million. What is evident is that the Trump administration was serious about reducing the regulatory burdens that businesses faced. President Trump ADVERTISEMENT By comparison, one of Joe Biden’s top priorities is to combat climate change. To do so, he plans to reverse 100 of the Trump administration’s rollbacks of Obama-era policies relating to the environment and public health. Biden’s stated actions include rejoining the Paris Agreement, raising fuel economy and emissions standards with the goal of net-zero emissions by 2050 and withdrawing Trump’s five-year plan on offshore drilling.