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“This will be the biggest such act that our country has ever seen. There will be regulation, there will be control, but it will be normalized control,” President Trump said as he signed a new executive order designed to deal a massive blow to over-regulation in Washington. The new order will place a regulatory cap in motion, requiring two regulations to be cut for every new one enacted, and the new one enacted must be offset by others cut in terms of costs.
This is yet another campaign promise Trump has followed through on. And yet another executive order that will likely have the big government media in an uproar.
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.
However, the order also puts in place a process for the Office of Management and Budget to keep or adjust that number in future years.
The military and national security are exempt from the order.