President-elect Donald Trump is expected to name billionaire activist investor Carl Icahn as a special adviser on overhauling federal regulations, according to a report Wednesday by the Wall Street Journal. Icahn is already part of Trump's transition team. According to the report, Icahn won't get paid for the unofficial role and will not have to divest any of his current business holdings. Icahn and Trump have both railed against what they perceive as too much government regulation, saying it hinders economic growth.