White House calls for review of regs to promote economic growth

President Donald Trump issued an executive order Wednesday calling on federal agencies to identify regulations that can be rescinded or temporarily waived to promote job creation and economic growth.

The order calls for agencies to address the COVID-19 economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery, consistent with applicable law and with protection of the public health and safety, with national and homeland security, and with budgetary priorities and operational feasibility.”

Section 4 of the order calls for the heads of all agencies to “identify regulatory standards that may inhibit economic recovery and shall consider taking appropriate action, consistent with applicable law, including by issuing proposed rules as necessary, to temporarily or permanently rescind, modify, waive, or exempt persons or entities from those requirements, and to consider exercising appropriate temporary enforcement discretion or appropriate temporary extensions of time as provided for in enforceable agreements with respect to those requirements, for the purpose of promoting job creation and economic growth.”

 

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