Monday, January 30, 2017

One In, Two Out

And when one little bump
Leads to shock
Miss a beat
You run for cover and there's heat
--The Fixx

President Donald Trump has been fulfilling campaign promises during his first week+ in office via a flurry of executive orders and administrative law. This morning he signed one related to his promise of reducing regulation.

The crux of the order is this: For every new regulation proposed, two regulations are to be eliminated. It also caps the cost of federal regulation for the remainder of the fiscal year and creates a budget process for new regulations in the next fiscal year to be set by the White House.

For domestic markets that have been choking on ever increasing regulation, this action is cause for optimism.

No comments: