Trump signs executive order designed to reduce regulations
(January 30) While much media attention is being paid to Trump's executive order on immigration less attention is being focused on another important executive order he issued yesterday on regulations.
|During his election campaign Trump complained that the US was overregulated and that he would change the US regulatory regime. His new directive keeps that promise. The directive requires agencies to repeal two regulations for each new regulation they approve. In 2018 a regulatory budget will be imposed. This budget will limit regulatory costs agencies can impose on individuals and businesses each year. No doubt businesses, especially small businesses will be attracted to the bill.|