President Trump signed an executive order on Monday to drastically reduce the regulatory burden on U.S. businesses, requiring federal agencies to effectively eliminate at least two regulations for each new one issued.
“We have to knock out a regulation for every two, but it goes far beyond that. This is a big one,” said Trump, in signing the order that makes good on his “one in-two out” campaign promise.
Trump has signed more than a dozen executive orders in his first 11 days in office.
The order Monday specifically states that prior regulations must be “identified for elimination” when a new rule is put forward. However, the 900-word order makes clear that the costs associated with new regulations each year cannot go up. So they would have to be offset by eliminating “costs associated with at least two prior regulations.”
For fiscal 2017, Trump told agency heads that the total cost of new regulations finalized this year “shall be no greater than zero” unless otherwise directed.
“It is essential to manage the costs associated with the governmental imposition of private expenditures required to comply with federal regulations,” the document also states.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.