Trump Eyeing 'Temporary Moratorium on New Agency Regulations'

GOP presidential nominee Donald Trump “will issue a temporary moratorium on new agency regulations” upon taking office, he said Monday in Detroit. Regulatory overhaul was a major feature of his speech on the economy. “This will give our American companies the certainty they need to reinvest in our community, get cash off of the sidelines, start hiring for new jobs, and expanding businesses,” Trump said. “I will also immediately cancel all illegal and overreaching executive orders. Next, I will ask each and every federal agency to prepare a list of all of the regulations they impose on Americans which are not necessary, do not improve public safety, and which needlessly kill jobs. Those regulations will be eliminated.” Last month in accepting the nomination at the Republican National Convention, Trump outlined hostility to what he believes is excessive regulation (see 1607220052). His campaign issued a news release promising Trump would “remove bureaucrats and replace them with experts who know how to create jobs” and “initiate targeted review for regulations that inhibit hiring.” Sen. David Perdue, R-Ga., lauded the speech and said “to reinvigorate our economy, we must reduce redundant programs, roll back Washington’s regulatory regime.” Aides to Democratic nominee Hillary Clinton issued a memo Monday saying a Trump presidency would hurt the economy. Another Clinton campaign news release touted some business stakeholders including investor Mark Cuban, Bloomberg CEO Michael Bloomberg, Hewlett Packard Enterprise CEO Meg Whitman and Amazon founder Jeff Bezos questioning Trump’s business savvy.