President Joe Biden revoked seven executive orders on Feb. 24 issued by President Donald Trump between 2017 and 2021.
Biden's action revoked one of the first executive actions Trump signed upon taking office-an executive order titled Core Principles for Regulating the United States Financial System.
The order set out the Trump 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."
Biden also sacked an April 2018 executive order titled "Reducing Poverty in America by Promoting Opportunity and Economic Mobility." Trump's order directed the federal government to reform the welfare system around a set of core principles, including improving economic independence, targeting benefits for people with low incomes, and reducing "Wasteful spending by consolidating or eliminating federal programs that are duplicative or ineffective."
The seven executive actions revoked on Wednesday are the latest reversals of Trump administration policies taken by the Biden administration.
The list of revocations also includes a COVID-19 executive order Trump issued that directed federal agencies to address the economic repercussions of the pandemic by "Rescinding, modifying, waiving, or providing exemptions from regulations" which could imperil economic recovery.
Biden is also wiping out one of the last executive orders issued by Trump, which had forbidden unelected bureaucrats from initiating or signing off on federal rules.
Thursday, February 25, 2021
Biden Revokes 7 Trump Executive Orders, Offers No Explanation
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