Delivering on his presidential campaign promise, Trump had, early in his presidency, put out an order which said that for every one new regulation, two old regulations must be eliminated.
In the first year, the Trump administration has eliminated 22 regulations for each new one, which should result in savings of USD 8.1 billion in present value.
In recognition of her contribution, Trump handed to Rao a pair of gold scissors which the president used to cut the red tape between two stacks of paper, one representing regulations of today (about 63) and other those of the '60s (shin high) during a programme in the Roosevelt Room of the White House.
In an interaction with the White House reporters, Rao said many commentators have suggested there is a link between these reform efforts and economic growth.
"I think one of the advantages of what is happening now is that individuals and businesses aren't fearing the constant perpetuation of new regulatory burdens without any notice or due process," she said.
"From my perspective, a lot of this is linked to individual freedom," she argued, adding when the government is interfering less in people's lives, they have a greater opportunity to pursue their goals.
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