THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
February 24, 2017
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*_PRESIDENT TRUMP CUTS THROUGH MORE RED TAPE_*
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*GOVERNMENT WIDE REGULATORY REFORM: Today, President Donald J. Trump signed an Executive Order requiring every agency to establish a Regulatory Reform Task Force to eliminate red tape.*
* Each Regulatory Reform Task Force will evaluate existing regulations and identify candidates for repeal or modification.
* Each agencys Task Force will focus on eliminating costly and unnecessary regulations.
* To hold the Task Forces accountable, agencies will measure and report progress in achieving the Presidents directives.
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*COSTLY REGULATIONS: Regulations have grown unchecked in past Administrations, imposing a steep cost on the American economy.*
* The regulations from the last Administration cost American taxpayers $873 billion in total.
* The Obama Administration finalized more than 3,000 regulations.
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*BUILDING ON PRESIDENTIAL ACTION: President Trump has been steadfast in his commitment to reducing the regulatory burden on everyday Americans, their pocketbooks, and their businesses.*
* President Trump has required that for every new Federal regulation, two existing regulations be eliminated.
* President Trump signed an Executive Order instructing Federal agencies to minimize the burden of the Affordable Care Act on Americans while he works to repeal and replace it.
* President Trump signed legislation, House Joint Resolution 38, to prevent the burdensome Stream Protection Rule from causing further harm to the coal industry.**
* President Trump signed legislation, House Joint Resolution 41, to eliminate a costly regulation that threatened to put American mining and energy companies and their employees at an unfair disadvantage.**
* President Trump directed the Secretary of Commerce to develop a plan to streamline Federal permitting processes for domestic manufacturers.**
* President Trump signed an Executive Order expediting the environmental review and approval processes for domestic infrastructure projects.**
* President Trump directed the Secretary of the Treasury to conduct a full review of the burdensome regulations required by the Dodd-Frank Act.
* President Trump ordered a re-examination of the Department of Labors fiduciary rule, to make certain that it does not harm Americans as they save for retirement.
