Under the banner “Cut the Red Tape,” the Trump administration opened the new fiscal year last week with a broad initiative on regulatory reform. Though the tragic events in Las Vegas preempted news coverage which lead Vice President Pence to step in for the president to make the White House announcement, the administration is clearly proud of the progress it has been making on this front. Breakout sessions at 10 federal agencies quickly followed, where attendees commented on the burden caused by federal regulations and suggested rule changes that would be helpful. The President's Council of Economic Advisers blogged about the ways that deregulation can contribute to economic growth.
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