Trump has signed a new executive order today in an effort to combat and repeal massive federal regulations that put too much burden on business:

JUST IN: Trump signs order directing agencies to set up task forces to make recommendations on repealing regulations https://t.co/p4qZUa9tyg

Here’s more:

CNBC – President Donald Trump on Friday signed another executive order as part of his broad push to curb regulations and help businesses.

The measure will put “regulatory reform” task forces within federal agencies, according to Reuters. His administration wants the officials to “focus on eliminating costly and unnecessary regulations,” the report said.

Pledges to roll back regulations and slash taxes for individuals and corporations have helped to drive investor and business executive optimism. Trump also claims his policies will drive job growth, particularly in the Rust Belt regions that sealed his electoral win. He already signed one measure expanding regulatory review, with the goal of revoking two regulations for every new one put forward.