President Trump is doing what he promised on the campaign trail and at a pace never before seen in D.C., his most recent move causing business owners and workers to cheer!
Trump took immediate action to freeze job-killing regulations Obama ordered just before he left office. The economic mandates would have cost American businesses and taxpayers a whopping $181 million if the president hadn’t put a stop to the fiscal insanity.
President Trump put the moves in motion to stop the Obama regulations from being enacted on inauguration day, the Washington Examiner reports. His move also reportedly saved 5.5 MILLION HOURS of paperwork!
“It is standard operating procedure for a new president to take stock of the existing regulatory landscape. What was extraordinary was that the previous administration had $181 billion in regulatory burdens, 16 billion-dollar rules, and millions of hours of new paperwork pending in the system,” said American Action Forum’s Sam Batkins.
Donald Trump also signed an executive order requiring two regulations be wiped off the books for every new regulation he implemented during his term in the Oval Office. Unlike the orders and bills created by the career politicians who once inhabited the White House, President Trump’s mandates are focused on a specific point, short, and easy to understand.
“It’s unlikely the regulatory freeze lasts for longer than a few months, but it’s a certainty that the administration will scrutinize all pending major rules and determine those that adequately protect public health and safety and those that could harm economic growth,” Batkins added.
On his first day in office, Trump Chief of Staff Reince Priebus penned a memo imposing a regulatory moratorium and sent it out to all federal agencies. Former President Obama’s own chief staffer did the exact same thing, but a flurry of new regulations governing our livelihoods and very lives were still approved in the last eight years.
According to American Action Forum‘s analysis, President Trump’s executive order froze 22 Obama last-minute rules, which cost more than $100 million annually. The order also thwarted 16 regulations that reportedly had more than $1 billion in overall cost.
President Trump’s reversal of Obama regulations allowed for possible exceptions only for emergency reasons. It also stated, “no regulation should be passed on by the Office of Information and Regulatory Affairs (OIRA) or other agencies, and be published in the Federal Register.”
The executive order impacted regulations that had already been sent out for formal publication as well. Any such rule had to be returned and subjected to a thorough review by the Trump administration.
Any regulations approved by Obama and recently published were ordered to be have their effective date postponed by 60 days. The Trump executive order also said federal agencies should propose a rule to delay the date past 60 days, extending the untold benefits offered by keeping Obama’s regulations away from the people.
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