Joe Biden has revoked seven of Donald Trump’s executive orders spanning from 2017 to 2021 but offered no explanation for the revocation.
One of the first executive actions signed by Trump after taking office was the Core Principles for Regulating the United States Financial System, which Biden removed.
Trump’s order was to set his administration’s policy on financial regulation, with the first listed goal to “empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth.”
The policy was to “prevent taxpayer-funded bailouts” and to “enable American companies to be competitive with foreign firms in domestic and foreign markets.”
© pressBiden also revoked an executive order from 2018 titled “Reducing Poverty in America by Promoting Opportunity and Economic Mobility.”
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Trump’s order directed the federal government to reform the welfare system, including targeting benefits for people with low incomes, improving economic independence, and reducing “wasteful spending by consolidating or eliminating federal programs that are duplicative or ineffective.”
Texas Judge Blocks Biden’s Executive Order to Pause Deportations
READ MORE: https://t.co/VJj5EBsAVA— Neon Nettle (@NeonNettle) January 27, 2021
Bidens’ revocations also include a COVID-19 executive order by Trump, which ordered federal agencies to address the economic repercussions of the coronavirus pandemic by “rescinding, modifying, waiving, or providing exemptions from regulations” that could jeopardize economic recovery…
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