Steve Bannon spoke at the Conservative Political Action Conference on Thursday, and it looks like President Trump's chief strategist wasn't exaggerating when he talked about the commander in chief's plans for "deconstruction of the administrative state." Per Reuters, Trump surrounded himself Friday with CEOs from some of the country's biggest companies—including Johnson & Johnson's Alex Gorski, Dow Chemical's Andrew Liveris, and Lockheed Martin's Marillyn Hewson, whom Trump called "a very tough negotiator," per the White House's documentation. Trump then added his signature to a new executive order that's designed to streamline federal regulations or get rid of them altogether.
The "Enforcing the Regulatory Reform Agenda" mandates a new task force official responsible for regulatory reform be appointed at each federal agency by its respective head, the Hill reports. These officers will spend the next 90 days poring over current regulations and deciding which ones can be modified or nixed, keeping in mind Trump's two-for-one executive order he signed in January where for every new regulation, two have to be dumped. Before he signed Friday's order, Trump noted that "excessive regulation is killing jobs" and prompting companies to flee the US "like never before," CNBC reports. (Trump announced these deregulatory intentions before he even won the election.)