Trump Cancels ‘Cut the Red Tape’ Deregulation Summit
President Donald Trump was set to speak during the opening of his “Cut the Red Tape” deregulation summit to highlight efforts underway to reduce government rules that hinder private businesses and infrastructure projects but that has been canceled due to the mass shooting in Las Vegas, Nevada.
The summit was supposed to “highlight the president’s broader initiatives on regulatory reform,” a senior administration official told reporters on Friday. The administration had wanted to show that “the regulatory burden is being lifted, that agencies are working hard at accomplishing the president’s directives, and that this is making a difference both to the economy and to job creation.”
During the summit, 10 federal agencies were to hold breakout sessions to discuss the efforts in their departments and agencies to eliminate burdensome regulations.
Trump has eliminated or delayed more than 800 proposed regulations since being elected which the Office of Information and Regulatory Affairs (OIRA) says has saved more than $300 million.
“We are making good on that promise at OIRA,” OIRA Administrator Naomi Rao said. “So far, we’ve finalized four new regulatory rulemakings and 10 deregulatory rulemakings.” The results have been “quite remarkable,” she said.
Trump will instead deliver remarks on the Las Vegas shooting from the Diplomatic Room of the White House at 10:30 AM EDT.
