PoliticalNews.me - Feb 25,2017 - Remarks by President Trump at Signing of Executive Order on Regulatory Reform
THE PRESIDENT: Thank you all very much for being here. We have tremendous people standing behind me, and the biggest in the world in terms of manufacturing and business. Some of the people involved are Ken Fisher and Ken Frazier, Chairman and President, CEO of Merck. Alex Gorsky, Chairman, CEO of Johnson and Johnson. Marillyn Hewson -- and she has been very tough to deal with but that’s okay -- (laughter) -- she’s a very tough negotiator, President of Lockheed Martin. Gregory Hayes, Chairman and CEO, United Technology. Andrew Liveris, my friend Andrew, Chairman and CEO of Dow Chemical Company. Mario Longhi, the President, CEO, United States Steel Corporation. Juan Luciano, Chairman, President, CEO of Archer Daniels Midland Company. Denise Morrison, President of Campbell’s Soup Company. Lee Styslinger III, Chairman and CEO of Altec, Inc. Mark Sutton, Chairman, CEO of International Paper. And Inge Thulin, Chairman, President of 3M Company.
And we have made tremendous progress with these great business leaders -- amazing progress. They’re getting together in groups and they’re coming up with suggestions about their companies and how to bring jobs back to the United States. And I think it will be a fantastic day for the country.
And we met yesterday, and -- I met with these folks and some more. Excessive regulation is killing jobs, driving companies out of our country like never before. Although, I must say, I think we’ve stopped it to a large part, Marillyn, right?
MS. HEWSON: Right.
THE PRESIDENT: Reducing wages and raising prices. I’ve listened to American companies and American workers. I’ve been listening to them for a long time. I’ve been listening to them complain for a long time. But today, this executive order directs each agency to establish a regulatory reform task force, which will ensure that every agency has a team of dedicated -- and a real team of dedicated people to research all regulations that are unnecessary, burdensome and harmful to the economy, and therefore harmful to the creation of jobs and business.
Each task force will make recommendations to repeal or simplify existing regulations. The regulatory burden is for the people behind me and for the great companies of this country, and for small companies -- an impossible situation, we’re going to solve it very quickly. They will also have to really report every once in a while to us so we can report on the progress, and so we can come up with some even better solutions.
This executive order is one of many ways we’re going to get real results when it comes to removing job-killing regulations and unleashing economic opportunity. We’ve already issued an order which says that for every one new regulation, two old regulations must be eliminated. So that in itself is going to be tremendous, but what we’re doing is much more than even that.
Every regulation should have to pass a simple test: