Donald Trump is telling companies that invest $1 billion or more in the U.S. they will get fast-tracked approvals of regulations – in a signal of a push to clear away obstacles in the permitting process.
Trump posted the policy in a statement on his Truth Social platform, without explaining how he would get around layers of environmental regulations established in law or the U.S. Code. Those regs often come after a lengthy review process and regularly prompt industry court fights that can run for years.
'Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals,' Trump wrote Tuesday. 'GET READY TO ROCK!!!' he added.
It is part of a plan to goose economic growth, on a day President Biden touted his own economic agenda.
It came just a day after the outgoing Biden Administration announced a sweeping new final rule to ban all uses of the chemical TCE and all consumer uses and commercial uses of PCE
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