Last week, President Trump signed an Executive Order that will help slash red tape in order to revitalize the economy and get Americans back to work.
The President is directing agencies to use all emergency authorities to swiftly identify regulations that can be rescinded or temporarily waived to promote job creation and economic growth. Agencies have used these emergency authorities to fight coronavirus, and now we will use them to jumpstart the economy and lift up our country again. The President’s order asks agencies to speed up the rulemaking process by moving proposed rulemakings to interim final rules with immediate effect – saving years in some cases.
Additionally, the President is directing agencies not to over-enforce when a business is working in good faith to follow the law. This discretion will especially benefit small businesses, fighting to recover from the impact of this pandemic. The President’s order also establishes a “Regulatory Bill of Rights,” a set of 10 basic principles of fairness to govern the administrative enforcement and adjudication process. These principles will help give businesses the confidence they need to invest and grow as we recover as a nation.
Read the executive order.