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As per Article II of the United States Constitution, all executive powers are vested in the President of the United States. In short, the President is the boss of the executive branch, and what he does within that branch of government is his decision. In connection to being the new boss of the executive branch, President Donald Trump signed an executive order designed to reduce regulations by requiring agencies to cut two existing regulations for every new rule introduced.
"This will be the biggest such act that our country has ever seen. There will be regulation, there will be control, but it will be normalized control," Trump said as he signed the order in the Oval Office, surrounded by a group of small business owners.
Trump's latest executive action will prepare a process for the White House to set an annual cap on the cost of new regulations, a senior official told reporters ahead of the signing.
For the rest of fiscal 2017, the cap will require that the cost of any additional regulations be completely offset by undoing existing rules.
Major regulations are typically reviewed by the White House's Office of Management and Budget (OMB) before they are issued. That review will continue under this new measure, but agencies will also have to identify what two regulations will be repealed to offset the costs of any new rule.
Certain categories of regulations will be exempt from this new policy, including those dealing with the military and national security. The OMB director will also have the ability to waive this policy in certain instances.
Trump's nomination to be the new head of the OMB is conservative Republican Representative Mick Mulvaney of South Carolina.
-- Political Pistachio Conservative News and Commentary
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