President Trump signed an order Monday aimed at cutting regulations on businesses, saying that agencies should eliminate at least two regulations for each new one.

The White House later released the text of the order, which added that the cost of any new regulation should be offset by eliminating regulations with the same costs to businesses. It excluded regulations regarding the military.

The impact of the order was difficult to judge based on the president’s remarks. It could be difficult to implement under current law and would concentrate greater power in the Office of Management and Budget, which already reviews federal regulations.

Moreover, any effort to scrap a regulation triggers its own process, complete with draft rules, comment periods, and regulation rewriting. That process can be subject to litigation. At the least, Trump’s proposal would add a new time-consuming requirement for any new congressional legislation or agency regulation on topics as varied as banking, health care, environment, labor conditions and more.

Trump signed the document — which he called “a big one” — at his desk in the Oval Office surrounded by nine small-business owners, who earlier this morning met in the Roosevelt Room.

Read more (The Washington Post)