New Deregulations to Stimulate Economy

New Deregulations to Stimulate Economy

(RightWing.org) – If the coronavirus crisis has shown us one thing, it’s that many state governors are all too eager to impose draconian regulations. Restrictions on business operations and prolonged stay-at-home orders have resulted in untold economic damage. As of late, President Donald Trump has been doing a great deal to guide and encourage states to safely re-open businesses and institutions to put America on a path towards recovery.

Trump just took a crucial next step in achieving that goal by passing a measure to remove regulations getting in the way of economic prosperity.

The executive order is helping economic progress by “…rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.” It provides agencies with emergency powers to trim the legislative fat getting in the way of repairing local economies. Now, states are less restricted in doing what they need to do for the sake of America.

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There is a strong emphasis in this order on ensuring that the emergency measures taken are “consistent with applicable law.” Also contained in the order is what some are referring to as the “Regulatory Bill of Rights,” which are the 10 points labeled in Sec. 6 as “(a)” through “(j)”. These measures will help to ensure that the rights and freedoms of individuals and businesses won’t be infringed upon.

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