Biden Revokes 7 Trump Executive Orders, Offers No Explanation

Pres­i­dent Joe Biden revoked sev­en exec­u­tive orders on Feb. 24 issued by Pres­i­dent Don­ald Trump between 2017 and 2021. The White House offered no expla­na­tion for the revo­ca­tion in its for­mal press release.

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.”

The pol­i­cy also sought to “pre­vent tax­pay­er-fund­ed bailouts” and to “enable Amer­i­can com­pa­nies to be com­pet­i­tive with for­eign firms in domes­tic and for­eign mar­kets,” among oth­er priorities.

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