Trump Signs Executive Order on Regulations
President Donald Trump has signed an executive action aimed at significantly cutting regulations for small businesses.
The president was surrounded by small business leaders as he signed the order in the Oval Office Monday morning.
Trump says that the order is aimed at “cutting regulations massively for small business.”
He says it will be the “biggest such act that our country has ever seen.”
White House officials called the directive a “one in, two out” plan. It requires government agencies requesting a new regulation to identify two regulations they will cut from their own departments.
President Donald Trump is telling small business owners that the “American dream is back.”
The officials insisted on anonymity in order to detail the directive ahead of Monday’s formal announcement.
At a White House breakfast Monday, Trump vowed to “create an environment for small business,” saying that he will end or limit regulations.
He said “this is not a knock on President (Barack) Obama” specifically, but on those before him, who Trump said did not do all that can be done for small businesses to prosper.
Trump said that a big segment of the American workforce is employed by small businesses, adding, “We want to make life easier for these small business owners.”
Attendees of the breakfast included Roger Campos from the Minority Business Roundtable, Dennis Bradford from the Genesis Group and Natalia Luis, head of the Luis Asphalt and Construction Company.
