President Trump Signs Executive Order In Effort To Slash Regulations

President Trump signs an executive order requiring federal agencies to establish task forces as part of a push to reform federal government regulations.

In his push to slash regulations, the president signed the executive order while surrounded by chief executives of major US corporations in the Oval Office Friday.

They included Dow Chemical.

Each agency and department will be required to create a task force and regulatory reform officer. "It will ensure that every agency has a team of dedicated people to research all regulations that are unnecessary, burdensome and harmful to the economy, and harmful to the creation of jobs and business".

Trump said he's been listening to American companies and workers complain for a long time about excessive regulations.

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Executives of companies, who Trump said would benefit from the move, were on hand to witness the signing.

"Does it make life better or safer for American workers and American consumers?"

The President has already signed one executive order expanding regulatory review, with the goal of revoking two regulations for every new one put forward. "If the answer is no, we will be getting rid of it".

"The regulations from the last administration cost American taxpayers $873 billion in total", the statement said. "These task forces will attempt to roll back common-sense protections for the air we breathe, the water we drink and the lands we cherish". And by the way, I want regulation.

Earlier at the Conservative Political Action Conference in Maryland on Friday, Trump promised to slash 75 percent of regulations all while claiming he wanted to "protect our environment". "But we don't need 75 percent of the repetitive, terrible regulations that hurt companies, hurt jobs". According to a CNBC reporter covering the meetings, Trump asked the corporate chiefs present to each identify 10 regulations they'd like to be slashed.

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