President-elect Trump wants to reward big investments in America by cutting through red tape.
"Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals," Trump shared on Truth Social. He added enthusiastically, "GET READY TO ROCK!!!"
During his first term, Trump focused on slashing regulations to boost the economy. He promises to do the same when he returns to the Oval Office in January.
In 2017, Trump signed Executive Order 13771. This rule required cutting two regulations for every new one added.
Looking ahead, Trump aims to go even further. He plans to eliminate 10 regulations for each new one introduced.
Trump's regulatory strategy is the opposite of President Biden’s. The Biden administration has implemented a record-breaking number of regulations.
On Dec. 3, Biden’s administration hit a new high with 96,088 Federal Register pages filled this year. It’s on track to surpass 100,000 pages by the end of his term.
Previously, President Obama held the record with 95,894 pages in his final year. Biden’s administration has now overtaken that milestone.