WASHINGTON: US President Donald Trump signs an executive order cutting regulations, accompanied by small business leaders at the Oval Office of the White House in Washington on Monday. The order will require that for every new federal regulation proposed, two must be revoked.
The order says, federal agencies will propose rules they want to eliminate and the White House will review those decisions. The order sets a budget of $0 for new regulations in 2017 and the administration will set a regulation budget each year, the official said on customary condition of anonymity.
Trump campaigned on a promise to reduce federal regulations that he said burdened American businesses. — Agencies
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