A new administration will be sworn into office in January. Near the top of the agenda is the repeal of Federal regulations that are thought to have created a drag on the economy and on small businesses specifically. The Trump transition website describes the components of the regulatory reform agenda as a "temporary moratorium on all new regulation, canceling overarching executive orders and a thorough review to identify and eliminate unnecessary regulations that kill jobs and bloat government." While some regulation is certainly necessary, there is evidence that the regulatory burden in the United States has taken a toll on economic growth. A recent Mercatus Center study of 22 industries, looking at data over 35 years, estimates that the U.S. economy would have been $4 trillion larger in 2012, had regulatory growth been halted in 1980. For small businesses, credited as our best job creators, the burden is significant. It is 36% more costly for small businesses to comply with regulation than their large competitors. A lower regulatory burden could, it seems, boost the economy and jobs. But how easy is it to roll back regulations and reverse a previous administration's policies?