The construction industry is wondering how the Biden administration will approach business regulations and the rollbacks that President Trump has put in place.
Inauguration Day is right around the corner, and with the swearing-in of President-elect Joe Biden, there are some things he has already said will change.
Biden has been quite vocal about reversing some of President Donald Trump's policies and programs like the construction of a border wall between the U.S. and Mexico and the U.S. withdrawal from the Paris climate accord and the World Health Organization.
The big question for the construction industry, however, is whether a Biden administration will go after the business-friendly regulations that Trump and his appointees spent the last four years putting in place. In other cases, Biden's team could bring back regulations that Trump worked to discard.
For instance, Trump issued an executive order this summer directing federal government agencies to waive environmental regulations and to take other actions necessary to streamline and expedite infrastructure projects. The order, designed to help hasten the economic recovery from the COVID-19 pandemic, effectively got rid of the responsibility for federal agencies to abide by regulations established by the National Environmental Policy Act, the Endangered Species Act and the Clean Water Act.