President Donald Trump signed an executive order Monday requiring that federal agencies identify two regulations for repeal for every single proposed new regulation.
“We want to make the life easier for small businesses,” he said as he signed the order in the Roosevelt Room before noting the order would affect large companies, too, according to a White House pool report.
“I’ve dealt with the small businesses and the big businesses, and I love you all the same,” he said.
Trump also repeated his goal of eliminating “up to 75 percent” of federal regulations during his presidency, according to the pool report.
The text of the executive order specifies that during fiscal year 2017, “[u]nless prohibited by law, whenever an executive department or agency (agency) publicly proposes for notice and comment or otherwise promulgates a new regulation, it shall identify at least two existing regulations to be repealed.”
Trump’s nominee to lead the Office of Management and Budget, Rep. Mick Mulvaney (R-SC), would be given broad power to enforce the order, including providing exemptions to federal agencies.
