There will be regulation. There will be control. But it will be normalized control.
UPDATE 10:54 a.m.:
Reuters reported on some specifics of the new order. It would set an annual cap on the cost of new regulations, setting that cap at $0 for the remainder of 2017.
UPDATE 10:22 a.m.:
President Trump has signed an executive order that will require repealing two federal regulations every time one is proposed, Reuters reports.
Trump said the order will be the largest reduction of regulation in U.S. history.
The order will reportedly involve both large corporations and small businesses.
President Trump's next major executive order will require the repeal of two regulations for each new one signed into law, CNBC reports.
It's not clear specifically what regulations the order referred to. However, Trump attended a breakfast discussing regulations for small businesses on Monday.
BREAKING: Trump to sign exec. order this morning requiring that for every 1 new regulation, 2 regulations have to be revoked - sr. official— CNBC (@CNBC) January 30, 2017
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