McCaul on Trump’s Regulation Executive Order
WASHINGTON, D.C. – Today, Congressman Michael McCaul (TX-10) issued the following statement about President Trump’s executive order on regulations.
President Trump signed an executive order requiring that for every new federal regulation implemented, two must be rescinded. This came after the re-introduction of McCaul’s One In, One Out Act, which would require at least one deregulatory measure be found with greater or equal cost before a federal agency can impose a new costly regulation on small businesses.
Chairman McCaul: “This executive order is a great step in the right direction for small businesses across this nation. Cutting the red tape will finally allow small business owners the ability to do what they do best – hire, compete, innovate, and flourish. Now that we have positive momentum from the administration in this effort, Congress can provide additional assurances to business owners by enacting the One In, One Out Act into law. However, we can’t stop here. More must be done to rein in the excessive regulatory onslaught plaguing the business community and I look forward to continuing to work with my fellow colleagues in this regard.”
Congressman Michael McCaul has represented the 10th District of Texas since 2005. Currently, he serves as Chairman of the House Committee on Homeland Security and senior member on the House Foreign Affairs Committee.