President-elect Donald Trump announced Tuesday that individuals or companies investing at least $1 billion in the U.S. will receive "fully expedited approvals and permits," including environmental clearances.
Trump shared the proposal on Truth Social, stating, “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!”
The specifics of the plan remain unclear, as Trump’s transition team did not immediately respond to CNBC’s request for details on which rules or regulations might be streamlined to facilitate these expedited approvals.
The timing of Trump’s post is uncertain, but it coincided with the U.S. Supreme Court hearing arguments on Tuesday about a federal environmental review involving a proposed oil railway project in Utah.
The announcement reflects Trump’s broader agenda to reduce regulatory barriers and attract increased investment during his second term. By highlighting environmental approvals, Trump underscored his commitment to rolling back Biden-era policies, such as tax credits for electric vehicles and stricter fuel efficiency standards, that are aimed at combating climate change.
Trump also selected Lee Zeldin, who has expressed a strong desire to eliminate regulations deemed overly restrictive for businesses, to lead the Environmental Protection Agency.
