President Donald Trump, “There will be controls…but it will be normalized controls.”
“There will be regulation, there will be controls, but it will be normalized controls,” Trump said as he signed the order in the Oval Office, surrounded by a group of small business owners.
US President Donald Trump, a businessman turned politician, campaigned on a promise to reduce federal regulations that burdenens American businesses.
During a meeting with the small business owners Monday, President Trump said regulations are keeping businesses from expanding and banks from lending money.
“Dodd-Frank is a disaster. We’re going to be doing a big number on Dodd-Frank,” he said, referring to the Y 2010 Wall Street reform law.
Consumer groups and environmentalists slammed the push to peel back regulations, arguing that it would block important protections for the public.
Major regulations are typically reviewed by the White House’s Office of Management and Budget (OMB) before they are issued.
President Trump has tapped US Representative Mick Mulvaney (R:SC) to lead the OMB.
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