May 26, 2020

Reigniting the American Economy: Deregulation

The Trump Administration is providing regulatory relief to reignite the economy and get America back to work.

Last week, President Donald J. Trump signed an executive order that cuts through bureaucratic red tape in an effort to revitalize our great economy

The executive order promotes job creation and economic growth by directing agencies to use all emergency authorities to identify regulations that can be rolled back or temporarily waived.

In addition, the order asks agencies and departments to speed up the rulemaking process by moving proposed rulemakings to interim final rules with immediate effect.

President Trump and his team are determined to get Americans out of unemployment and bring our economy back to where it was before COVID-19.

The President has long supported deregulation and stood up pro-growth policies to encourage job creation. It has also been a pillar in his COVID-19 response with more than 600 regulatory actions taken including suspensions, waivers, and enforcement discretion.

The President instructed his cabinet members to look through these hundreds of actions already taken to determine which ones can be made permanent.

Small business owners and Americans across the board want to get back to work and recover from the impact of COVID-19.

When acting in good faith, the deregulation measures in the President’s order will help businesses by cutting back over-enforcement from federal agencies.

With a broad set of 10 principles, the ‘Regulatory Bill of Rights,’ businesses will be treated fairly by administration enforcement and confidence will be restored as our economy recovers from these unprecedented times.

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