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Statement from U.S. Secretary of Commerce Wilbur Ross on President Trump’s Speech on Regulatory Reform


“President Trump is slashing costly and unnecessary red tape, fees, and paperwork to reduce the unreasonable burden placed on American businesses and workers. At the Department of Commerce, we have exceeded President Trump’s mandate that for every one new regulation, two old regulations must be eliminated, having completed seven deregulatory actions while adding no new regulations in 2017. I am excited to support President Trump in his plans to cut an estimated $9.8 billion in lifetime regulatory costs by the end of FY18, and cannot wait to see what the future holds.”