President Donald Trump Signs Executive Order Reducing Federal Regulations For Small Businesses
By Fox News // January 30, 2017
“We’ll be reducing them big time,” said President Trump
ABOVE VIDEO: President Trump on Monday signed an executive order to significantly reduce the amount of federal regulations on U.S. businesses.
(FOX NEWS) – President Trump on Monday signed an executive order to significantly reduce the amount of federal regulations on U.S. businesses.
The order attempts to fulfill Trump’s “one in-two out” campaign promise — to rescind two regulations for every one that he signs.
“We have to knock out a regulation for every two, but it goes far beyond that,” Trump said in signing the order, after meeting at the White House with a group of small business owners.
Trump has signed more than a dozen executive orders in his first 11 days in office.
“We will begin efforts to reduce federal regulations,” Trump said. “We’ll be reducing them big time.”
The executive order creates a regulatory budget of $0 for fiscal 2017, an official told Fox News, meaning any new “burdens” would have to be offset.
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