President Donald Trump signed another executive order on Friday that will require federal agencies to appoint regulation watchdogs to dissolve their power as rule makers.
On signing the executive order, known as ‘Enforcing the Regulatory Reform Agenda,’ Trump said that “every regulation should have to pass a simple test: Does it make life better or safer for American workers or consumers?If the answer is no, we will be getting rid of it and getting rid of it quickly,”
The watchdogs will be tasked with enforcing the current administration’s agenda on government agencies, making recommendations on regulations that should be repealed.
“This executive order is one of many ways we’re going to get real results when it comes to removing job-killing regulations and unleashing economic opportunity,” Trump said.
“We will stop punishing companies for doing business in the United States,” Trump added. “It’s going to be absolutely just the opposite. They will be incentivized to do business.”
The executive order is the second he has signed aimed at reducing regulation. During his first week in office, Trump also signed an initial order ensuring that for every new regulation created, two other regulations must be cut.
During his final year in office, former President Barack Obama oversaw record levels of regulation, with an average of 18 pieces of regulation applied to every new law, as well as record levels of red tape, with 97,110 pages printed in the 2016 Federal Register.
As part of his plan to reinvigorate small business and stagnant economic growth, Trump has pledged to cut taxes and regulation “massively,” and earlier this month, he promised to initiate “big league” tax reform “way ahead of schedule.”