President Donald Trump signed an executive order to impose additional oversight on government regulations, designating officials within government agencies who will monitor rule-making and identify needed policy changes, he said.
“Excessive regulation is killing jobs,” Trump said at an Oval Office signing ceremony Friday. “Every regulation should have to pass a simple test: Does it make life better or safer for American workers or consumers? If the answer is no, we will be getting rid of it.”
Several corporate chief executive officers joined Trump for the event, including Dow Chemical Co. chairman and CEO Andrew Liveris, who leads Trump’s advisory council on manufacturing.
The order, titled “Enforcing the Regulatory Reform Agenda,” directs heads of departments and agencies to designate a “regulatory reform officer” to oversee implementation of regulations and identify needed changes, according to Bloomberg BNA. The text of the order was not immediately released.
JUST IN: President Trump signs executive order on regulatory reform https://t.co/8q3PDQ5S7y
— NBC News (@NBCNews) February 24, 2017