It’s a good step, but it’s just task forces for now. Let’s see what work they get done.

WASHINGTON (Reuters) – President Donald Trump signed an executive order on Friday to place “regulatory reform” task forces and officers within federal agencies in what may be the most far reaching effort to pare back U.S. red tape in recent decades.

Trump signed the directive in the Oval Office with chief executives of major U.S. corporations standing behind him including Dow Chemical Co , Lockheed Martin Corp and U.S. Steel Corp .

The sweeping order directs every federal agency to establish a task force to ensure each has a team to research all regulations and take aim at those deemed burdensome to the U.S. economy and designate regulatory reform officers within 60 days and must report on the progress within 90 days.