GETTING GOVERNMENT OUT OF THE WAY: Today, President Donald J. Trump signed legislation (House Joint Resolution 41) eliminating a costly regulation that threatened to put domestic extraction companies and their employees at an unfair disadvantage.
H.J. Res. 41 blocks a misguided regulation from burdening American extraction companies.
By halting this regulation, the President has removed a costly impediment to American extraction companies helping their workers succeed.
This legislation could save American businesses as much as $600 million annually in regulatory compliance costs and spare them 200,000 hours of paperwork.
The regulation created an unfair advantage for foreign-owned extraction companies.
BUILDING ON PRESIDENTIAL ACTION: President Trump has been steadfast in his commitment to reducing the regulatory burden on everyday Americans, their pocketbooks, and their businesses.
President Trump has required that for every new Federal regulation, two existing regulations be eliminated.
President Trump will initiate fundamental changes to the United States healthcare system to reduce the financial burden on Americans by getting the government out of the way.
President Trump has placed a moratorium on all new regulations by executive departments and agencies that are not compelled by Congress or public safety.
President Trump directed his Secretary of Commerce to streamline Federal permitting processes for domestic manufacturing and to reduce regulatory burdens on domestic manufacturers.
President Trump signed an Executive Order expediting the environmental review and approval processes for domestic infrastructure projects.
President Trump directed the Secretary of the Treasury to conduct a full review of Dodd-Frank to ensure associated, burdensome regulations receive proper scrutiny.
President Trump ordered re-examination of the Department of Labor’s fiduciary rule, to make certain that it does not harm Americans as they save for retirement.