President Trump on Tuesday signed an Executive Order that the White House hopes will help slash red tape in order to revitalize the economy and get Americans back to work.
The President’s order directs agencies to use all emergency authorities to swiftly identify regulations that can be rescinded or temporarily waived to promote job creation and economic growth and asks agencies to speed up the rulemaking process by moving proposed rulemakings to interim final rules with immediate effect – saving years in some cases.
The President’s order also establishes a “Regulatory Bill of Rights,” a set of 10 basic principles of fairness to govern the administrative enforcement and adjudication process. These principles, according the White House, will help give businesses the confidence they need to invest and grow as we recover as a nation.
A copy of the Executive Order on Regulatory Relief to Support Economic Recovery can be found here.
