While the press reported unrelentingly on President Donald Trump’s travel-ban executive order, Trump signed what became his seventh executive order in ten days. For business owners burdened by overwhelming government regulations, his latest executive order is a sign of relief: for every new regulation within the executive branch, Trump seeks to identify and repeal two existing regulations.
“It is important that . . . the cost of planned regulations be prudently managed and controlled through a budgeting process,” the order states.
Since the fiscal year has already begun, Trump has started with a more moderate introductory period. For the rest of the year, the heads of agencies will be required to make the total incremental cost of regulations “no greater than zero.”
