Agencies To Cut Regulations That ‘Inhibit Economic Recovery’ Per Trump Executive Orders

An executive order signed by President Trump Tuesday directs agencies to consider what sort of deregulatory action they might take that could spur economic growth.

The order directs agency heads to “identify regulatory standards that may inhibit economic recovery,” highlighting that regulations could be permanently or temporarily lifted.

“Just as we continue to battle COVID-19 itself, so too must we now join together to overcome the effects the virus has had on our economy,” the order states.

“Agencies should address this economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.”

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The executive order is the latest deregulatory effort from an administration that in its easiest days required agencies to revoke two regulations for every new rule they want to issue.

Check out the full article from The Hill here.