Executive Order Encourages Federal Agencies to Relax Regulations
In an Executive Order signed Tuesday by President Trump, federal agencies are encouraged to make attempts at “rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.”
The President announced the executive order at a cabinet meeting at the White House, telling Transportation Secretary Elaine Chao the order “gives you tremendous power to cut regulation.”
Some agencies have already loosened requirements amid the pandemic.
A March memo from the Environmental Protection Agency (EPA) alerted industry it would suspend enforcement of environmental laws that require companies to monitor their pollution.
The Office of Management and Budget is expected to issue a more detailed memo on how to implement the order in the coming weeks or months.