GOVERNMENT WIDE REGULATORY REFORM: Today, President Donald J. Trump signed an Executive Order requiring every agency to establish a Regulatory Reform Task Force to eliminate red tape.
- Each Regulatory Reform Task Force will evaluate existing regulations and identify candidates for repeal or modification.
- Each agency’s Task Force will focus on eliminating costly and unnecessary regulations.
- To hold the Task Forces accountable, agencies will measure and report progress in achieving the President’s directives.
COSTLY REGULATIONS: Regulations have grown unchecked in past Administrations, imposing a steep cost on the American economy.
- The regulations from the last Administration cost American taxpayers $873 billion in total.
- The Obama Administration finalized more than 3,000 regulations.
BUILDING ON PRESIDENTIAL ACTION: President Trump has been steadfast in his commitment to reducing the regulatory burden on everyday Americans, their pocketbooks, and their businesses.
- President Trump has required that for every new Federal regulation, two existing regulations be eliminated.
- President Trump signed an Executive Order instructing Federal agencies to minimize the burden of the Affordable Care Act on Americans while he works to repeal and replace it.
- President Trump signed legislation, House Joint Resolution 38, to prevent the burdensome “Stream Protection Rule” from causing further harm to the coal industry.
- President Trump signed legislation, House Joint Resolution 41, to eliminate a costly regulation that threatened to put American mining and energy companies and their employees at an unfair disadvantage.
- President Trump directed the Secretary of Commerce to develop a plan to streamline Federal permitting processes for domestic manufacturers.
- President Trump signed an Executive Order expediting the environmental review and approval processes for domestic infrastructure projects.
- President Trump directed the Secretary of the Treasury to conduct a full review of the burdensome regulations required by the Dodd-Frank Act.
- President Trump ordered a re-examination of the Department of Labor’s “fiduciary rule,” to make certain that it does not harm Americans as they save for retirement.