$181 billion saved in a single day

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$181 billion saved on Day One. That’s what Trump’s executive action did to freeze all regulatory action for the American economy, according to calculations from the American Action Forum.

That’s a pretty good start, and here’s how we’re going to do even more:

The White House

1) 1 in, 2 Out. It’s a pretty simple concept of Trump’s latest regulatory executive action – for every new regulation the federal government creates, the bureaucrats have to repeal two. That’s the only way we’re going to get government out of the way and grow again. Maybe Congress should take note when it comes to writing new laws? 

2) Build that Pipe & more. Trump’s executive action on the Keystone XL and Dakota Access pipelines did more than approve their construction – it speeds up the permitting process that has bogged down so many of our national infrastructure projects and made it impossible to create new jobs.

Congress

3) Three Cheers for RAA! The Regulatory Accountability Act – RAA – is how we’re going to fundamentally fix a system that hasn’t been touched since 1946. The bill already passed the House of Representatives last month with bipartisan support – thanks in part to the over 2,000 of you who contacted your member. Now we’re fighting to get it through the Senate. If you’re in Missouri or North Dakota, you can help right now!

READ: How the Regulatory Accountability Act Would Make EPA’s Water Rule Better

4) Repealing Obama Regulations via Congressional Review Act (CRA). This is getting into the weeds a bit, but bear with me.. The Congressional Review Act, a 1996 law that’s only been used once in history, allows Congress to repeal any regulation Obama created since June of 2016 by sending resolutions of disapproval to the President for his signature or veto. Of course President Obama wouldn’t repeal his own regulations – but President Trump will.

This week, the House passed legislation to repeal Obama era regulations from the war on coal and Dodd-Frank’s attacks on our American owned energy companies. Read more: Stars align for the Congressional Review Act.

You’re going to be hearing about the CRA a lot more in the weeks to come; I guarantee it.

2017 is the year we’re going to finally cut red tape. Taking on the regulatory juggernaut and inserting some common sense to the way rules and regulations are made in this country.

If you’re committed to real regulatory reform this year, let us know!

Rob Engstrom
SVP and National Political Director
U.S. Chamber of Commerce

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