washington president donald trump sign executive order friday place regulatory reform task force officer within federal agencies may far reach effort pare back u.s. red tape recent decades trump sign directive oval office chief executives major u.s. corporations stand behind include dow chemical co dow.n lockheed martin corp lmt.n u.s. steel corp x.n sweep order direct every federal agency establish task force ensure team research regulations take aim deem burdensome u.s. economy designate regulatory reform officer within 60 days must report progress within 90 days excessive regulation kill job drive company country like never trump say sign order every regulation pass simple test make life good safe american workers consumers effort part republican push undo many action former president barack obama leave office last month two four-year term 1981 president ronald reagan create presidential task force regulatory relief effort establish task force cabinet level presidents include bill clinton george w. bush carry attempt reduce streamline government regulations trump order require agencies measure report progress achieve president directives task force make recommendations regulations repeal simplify trump say order say agencies seek repeal regulations inhibit job creation ineffective impose cost exceed benefit create serious inconsistency otherwise interfere regulatory initiatives policies trump friday say unite state need 75 percent repetitive horrible regulations hurt company hurt job republican vow sweep cut u.s. regulations previously order agencies repeal two rule every new one adopt trump chief strategist steve bannon tell gather conservatives thursday deregulation call deconstruction administrative state top priority administration scott slesinger legislative director natural resources defense council environmental group say order directive kill safeguard americans depend clean air drinkable water safe food trump administration say executive order previous government cost hundreds billions dollars obama administration say benefit regulations public far outweigh cost white house say obama administration finalize 3,000 regulations many require congress robert verchick president center progressive reform think tank criticize trump new order clearly aim embed overtly political anti-protections agenda federal agencies suppose use science expertise safeguard us all u.s. chamber commerce senior vice president neil bradley praise trump administration tackle regulatory state head .... look forward work federal agencies help identify rule harm economy threaten job order trump sign january set annual cap cost new regulations apply financial reform rule introduce obama administration trump administration also order freeze regulations pending review stop regulations take effect sweep move trump put regulation monitor u.s. agencies