Market Brief

New

Daily market recaps with key events, stock movements, and global influences

Trump Rolls Back Biden-Era Energy Conservation Standards, Restores Fishing Access on New England Coast

Image Viewer

Listen to this article

Trump Rolls Back Biden-Era Energy Conservation Standards, Restores Fishing Access on New England Coast

Authors
  • Reuters
  • Bloomberg
  • سكاي نيوز عربية-عاجل

27 posts Grok (2)

Published

President Donald Trump has signed a series of executive orders and Congressional Review Act resolutions aimed at rolling back regulations implemented during the Biden administration. These actions target energy conservation standards for various appliances and consumer products, including gas water heaters, refrigerators, walk-in coolers and freezers, and commercial refrigerators and freezers. The measures signed include H.J. Res. 20, H.J. Res. 24, H.J. Res. 42, and H.J. Res. 75, introduced by Representatives Gary Palmer, Brian Jack, Andrew Clyde, Craig Goldman, Ashley Moody, and Stephanie Bice. These moves are part of Trump's broader effort to reduce regulatory burdens, which he argues have negatively impacted American families and businesses. Trump also signed an executive order to restore commercial fishing access to thousands of square miles off the New England coast, specifically the Northeast Canyons and Seamounts Marine National Monument, reversing restrictions set by the Obama and Biden administrations. This action is intended to support the fishing industry, particularly Maine lobstermen, and stimulate economic growth in coastal communities. Trump also plans to sign an order discouraging criminal enforcement of regulatory offenses, aiming to prevent prosecutions for violations of regulations that individuals might not be aware of or have accidentally breached. Additionally, he is addressing water pressure and efficiency rules, considering the repeal or revision of the Energy Policy Act of 1992.

More breaking stories on DeepNewz — updated live.

Associated Financial Markets

Related Prediction Markets

Sources

Similar Stories