‘ONE RULE’: Trump says he’ll sign an executive order blocking state AI laws despite bipartisan pushback
In a recent announcement on social media, former President Donald Trump revealed his intention to issue a “ONE RULE Executive Order” aimed at streamlining the regulatory process for businesses. This initiative appears to be a response to the complexities and delays that companies often face when seeking multiple approvals for new projects or initiatives. Trump emphasized the burden that excessive regulatory requirements impose on businesses, stating, “You can’t expect a company to get 50 approvals every time they want to do something.” This statement reflects a broader critique of the regulatory environment in the United States, which many entrepreneurs and business leaders argue stifles innovation and economic growth.
The proposed executive order is likely to resonate with a significant portion of the business community that has long advocated for regulatory reform. By simplifying the approval process, Trump aims to reduce bureaucratic hurdles that can deter investment and slow down project timelines. For instance, industries such as construction, energy, and technology often face lengthy reviews and multiple layers of approval from various governmental agencies before they can commence operations. This can lead to increased costs and delays, ultimately impacting job creation and economic expansion. Trump’s initiative could potentially pave the way for a more business-friendly environment, encouraging companies to invest and innovate without the fear of navigating an overly complex regulatory landscape.
As Trump prepares to unveil this executive order, it remains to be seen how it will be implemented and what specific changes it will bring to the current regulatory framework. Critics may argue that while reducing the number of approvals could accelerate business operations, it might also raise concerns about oversight and the potential for environmental or safety risks. Nonetheless, the announcement underscores Trump’s ongoing commitment to promoting economic growth and deregulation, themes that have been central to his political platform. As the business community awaits further details, the implications of this executive order could have significant ramifications for industries across the nation, potentially reshaping the way companies interact with government regulations in the future.
“I will be doing a ONE RULE Executive Order this week,” Trump posted on social media. “You can’t expect a company to get 50 Approvals every time they want to do something.”
