You give them too much credit.
There are two categories you want to look at when it comes to regulations.
You have the regulations that protect the people and the environment and require a certain level of quality. These can be stuff like environmental regulations or safety regulations that keep workers or customers from getting hurt or keeping the company from screwing them over. Theses are regulations you want.
Then you have regulations that protect incumbent companies from competition with increased barriers to entry or blocking them, good examples of this are the monopoly setups for ISPs and other services. These are the ones you want to get rid of.
The whole 2 for 1 deal with regulations does not differentiate between the two groups as I have seen and you are putting faith in these people that they will do their jobs instead of selling it out to the highest bidder as those consumer/environmental protections actually cost those companies money or reduce profits.
You are just as likely, if not more so, to see them pass a fucked up regulation that protects the incumbents and then repeal two regulations that help protect the consumers then you are to see them doing it right with something as bad as this.
Remember, this is an administration where they actively tried to head every program with the worst possible options to dismantle them and sell out the nation, it's people, the environment, and the debt while enriching them in the process. They aren't looking for the best to make this stuff, they actively looked for the worst options to do it.