Trump Signs Executive Order to Curtail Regulations, by Andrew Rafferty.
President Donald Trump signed an executive order Monday aimed at slashing federal regulations to help businesses, the latest in a string of presidential directives he has unveiled in his first 10 days in office.
The “one in, two out” plan requires federal agencies requesting new regulations to cut two existing regulations. Trump said the order will reduce regulatory burdens on the private sector, particularly small businesses.
“If you have a regulation you want, number one, we’re not going to approve it because it’s already been approved probably in 17 different forms,” Trump said while signing the order surrounded by small business leaders.
“But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation,” he said. “So if there’s a new regulation, they have to knock out two.”
Government agencies must self-identify the regulations to cut, although the White House will ultimately decide what to nix.