Corporate Services, Inc.
208 Kishwaukee St. · Rockford, IL 61104
(p) (815) 962-8367 · (f) (815) 962-0940
www.corpserv.com

Trump, Again, Acts on Pledge to Reduce Business Regulations

Posted:

President Trump continued his efforts to reduce government regulations with a Feb. 24 executive order that gives more teeth to an order he signed when he first took office.

The new order calls for the placing of regulatory reform task forces in federal agencies. The goal of the task forces will be to research existing regulations and identify those deemed to be burdensome on the U.S. economy for possible repeal or rewrites.

As you likely recall, Trump signed an executive order in January that directs any executive department or federal agency to identify at least two existing regulations for repeal for every new regulation the department or agency wishes to enact.

That order also asks that the costs of all new regulations put forth in 2017 be offset by the elimination of existing regulations.

Both executive orders go hand in hand; they are meant to help Trump deliver on a campaign promise to cut back on business regulations. Trump has said that less regulation will allow businesses to grow easier and faster.

60-day deadline

The new executive order asks that agencies designate regulatory reform officers within 60 days and report on the progress of the task force order within 90 days.

Other presidents — including Ronald Reagan, Bill Clinton and George W. Bush — took steps to reduce government regulations. But Trump's moves appear to be crafted with an eye toward having more of impact than earlier regulatory reform efforts. For example, moves by previous presidents did not go so far as to create the special task forces for which Trump's latest order calls.

The task forces will be charged with identifying regulations that could be simplified or repealed — the latter of which would have to be the case when lawmakers want to pass new rules, at least if Trump's two-for-one executive order is to be obeyed.

Posted In: Executive Branch

Want to know more? Read the full article by Christian Schappel at HR Morning

More News from Corporate Services, Inc.

Paying PTO Forward

A new survey finds more than one-quarter of companies saying they allow employees to donate paid time off (PTO) to their colleagues. Experts see plenty of positives in leave donation programs, but urge human resources professionals to consider a variety of factors in implementing such policies.more