June 22, 2018

Trump signs order reducing regulations

President Trump on Monday signed an executive order aimed at rolling back regulations, fulfilling one of his campaign pledges.

Federal agencies will need to revoke two regulations for every new regulation they request. Administration officials told The Associated Press that they are calling the new directive a “one in, two out” plan.

The new executive order makes exceptions for emergencies and national security.

Trump met with a handful of small-business owners at the White House prior to him signing the new order, according to the pool report. He called his latest order “a big one.””There will be regulation, there will be control, but it will be a normalized control,” Trump told reporters, according to CNBC.

During the campaign, Trump vowed to reduce regulations, and at a meeting last week with business executives, he promised to cut them “massively” as well as cut taxes for businesses.

Monday’s directive comes days after a busy week of new executive orders from Trump, including Friday’s order that calls for a 90-day ban on people from seven predominantly Muslim countries entering the United States and puts an indefinite halt on admitting Syrian refugees.

–This breaking news report will be updated.

Source: The Hill