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Trump signs executive order creating task forces to identify regulations to repeal

On Friday, President Trump signed an executive order placing "regulatory reform" task forces within federal agencies to help identify "costly and unnecessary regulations." The watchdog groups created by Trump will reportedly have 90 days to examine existing regulations and identify which "can be repealed or modified," The Hill reported.

Trump signed the order shortly after reiterating his pledge to nix "75 percent of the repetitive, horrible regulations that hurt companies [and] hurt jobs" during a speech Friday at the Conservative Political Action Conference. At a meeting with business executives last month, Trump suggested he might cut even more than 75 percent of existing regulations.

Trump has already signed an executive order that aims to slash two existing regulations for every new regulation introduced.