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| Trump: Executive order on small business regulations | Trump: Executive order on small business regulations |
| (about 1 hour later) | |
| President Donald Trump has signed an executive order designed to cut the number of regulations affecting small businesses. | |
| It is just the latest in a flurry of decisions made by President Trump in his first few days in office. | It is just the latest in a flurry of decisions made by President Trump in his first few days in office. |
| He signed the order in front of a group of business people, saying it was aimed at "cutting regulations massively for small business". | He signed the order in front of a group of business people, saying it was aimed at "cutting regulations massively for small business". |
| It was the "biggest such act that our country has ever seen," he added. | It was the "biggest such act that our country has ever seen," he added. |
| Speaking in the Oval Office, he said he wanted to tell small business owners that the "American dream is back'' and that he would "create an environment for small business,'' by ending or limiting existing regulations. | Speaking in the Oval Office, he said he wanted to tell small business owners that the "American dream is back'' and that he would "create an environment for small business,'' by ending or limiting existing regulations. |
| The president said a large proportion of the American workforce was employed by small businesses, therefore: "We want to make life easier for these small business owners.'' | The president said a large proportion of the American workforce was employed by small businesses, therefore: "We want to make life easier for these small business owners.'' |
| Described as a "two-out, one-in" approach, the latest executive order asked government departments which request a new regulation to specify two other regulations which they will drop. | Described as a "two-out, one-in" approach, the latest executive order asked government departments which request a new regulation to specify two other regulations which they will drop. |