A Monday executive order from President Donald Trump seeks to establish a new government office to assist companies looking to invest more than $1 billion in growing their business in the U.S.
Burdensome government regulations impede both domestic and foreign business expansion, according to the order, and the office, designated the “United States Investment Accelerator,” is meant to help with that.
“It is in the interest of the American people that the Federal Government dramatically expand its assistance to companies seeking to invest and build in the United States,” the order reads.
Trump has said the administration has secured verbal commitments from others putting total private investment at $5 trillion "very soon."
