President Trump moved to slash government regulations Monday by signing an executive order that will eliminate two regulations every time a new one is established.

Trump signed the order in the Oval Office, flanked by nine small-business owners the measure is supposed to help.

“If you have a regulation you want, number one, we’re not going to approve it because it’s already been approved probably in 17 different forms,” Trump said at the brief signing photo-op.

“But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation. So if there’s a new regulation, they have to knock out two,” he added.

The executive order also calls for no additional federal dollars toa be spent on “new regulations.”

One small business owner standing behind Trump, who was seated at the Resolute Desk, thanked the president for lifting the regulatory burden off their backs.

Trump met with the business owners before signing the executive order.

“We’re going to create an environment for small business like we haven’t had in many, many decades,” Trump told the business owners.

“This isn’t a knock on President Obama, this is a knock on many presidents preceding me. It’s a knock on everybody,” he added.

Trump also said that the Dodd-Frank financial overhaul law was among the economic policies he plans to change.

“Dodd-Frank is a disaster,” he said. “We’re going to be doing a big number on Dodd-Frank.”