President Donald Trump signed an executive order Monday morning requiring that for every new federal regulation implemented, two must be rescinded. The order, signed in the Oval Office, fulfills a campaign pledge.
“This will be the biggest such act that our country has ever seen,” Trump declared moments before signing it inside the Oval Office. “There will be regulation, there will be control, but it will be a normalized control where you can open your business and expand your business very easily. And that's what our country has been all about.”
The executive order signing, which fills a campaign pledge, comes after the president held a listening session with small-business leaders. The White House has yet to release text of the executive order.