Trump Orders Federal Agencies to Identify Unnecessary Regulations
February 24 2017 - 1:35PM
Dow Jones News
By Ted Mann
President Donald Trump signed an executive order Friday
requiring each federal agency to form a task force to review
existing regulations and recommend whether to repeal or simplify
those deemed to harm the economy and job creation.
Mr. Trump signed the order shortly after noon in the Oval
Office, with a group of corporate executives who have advised the
administration on business issues arrayed behind him. They included
Dow Chemical Co. Chief Executive Andrew Liveris, Lockheed Martin
Corp. CEO Marillyn Hewson, Johnson & Johnson CEO Alex Gorsky,
and United Technologies Corp. CEO Gregory Hayes.
Mr. Trump said the order, the text of which wasn't immediately
released, would direct every federal agency to form "a real team of
dedicated people to research all regulations that are unnecessary,
burdensome and harmful to the economy and therefore harmful to the
creation of jobs and business."
The president signed the order shortly after a speech to the
Conservative Political Action Conference, in which he criticized
government regulations and said that 75% of existing rules were
unnecessary.
On Thursday, the administration convened meetings of a group of
manufacturing executives, led by Mr. Liveris, to develop
recommendations for improving the business climate, including by
rolling back regulations that are already in place.
In the Oval Office Friday, Mr. Trump said the task forces would
be required to report on their findings "every once in a
while."
Standing to the side of the group of executives was Mr. Trump's
son-in-law, Jared Kushner, an adviser to the president.
Write to Ted Mann at ted.mann@wsj.com
(END) Dow Jones Newswires
February 24, 2017 13:20 ET (18:20 GMT)
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