President-Elect Trump To Dial Back Regulatory Restrictions On Energy

On energy, Trump made it clear he would dial back regulatory restrictions on exploration or production of fossil fuels. By doing so, the president-elect indicated that unleashing such production would lead to millions of new jobs. Trump said he would cancel "job-killing restrictions on the production of American energy, including shale energy and clean coal, creating many millions of high-paying jobs. That's what we want. That's what we've been waiting for."Trump did not offer details about other regulatory changes except to say he would create a rule that says for every one new regulation, two old regulations must be eliminated. "So important," Trump said of the proposal.Tying infrastructure to national security, Trump said he asked the Department of Defense and chairman joint chiefs to create a plan to protect vital infrastructure from "cyberattacks and all other forms of attacks."Regarding immigration, Trump said his first action would be to direct the Department of Labor to investigate all abuses of visa programs that undercut the American worker.Trump's ethics reform agenda seemed to target and limit the job opportunities for outgoing Obama administration officials. Trump said that, "as part of our plan to drain the swamp, we will impose a five-year ban on executive officials becoming lobbyists after they leave the administration, and a lifetime ban on executive officials lobbying on behalf of a foreign government."