President Signs Executive Order Ordering Agencies to Cut Regulations

05/20/2020 1:09 PM | ACRAsphere Blog Team

President Trump signed an Executive Order on Tuesday that instructs federal agencies to consideration deregulatory actions that could potentially spur economic growth. From The Hill:

The order directs agency heads to “identify regulatory standards that may inhibit economic recovery,” highlighting that regulations could be permanently or temporarily lifted.

“Just as we continue to battle COVID-19 itself, so too must we now join together to overcome the effects the virus has had on our economy,” the order states.

“Agencies should address this economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.”

ACRA is keeping a close eye on how agencies interpret and implement this executive order, especially since environmental regulations have already been relaxed amid the pandemic. Read the full article in The Hill here, and you can read the full executive order here. Stay tuned to the ACRAsphere for further updates.

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