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MIAMI (CBSMiami/AP) – President Donald Trump signed an executive order Monday aimed at “massively” cutting regulations for large and small businesses.

The president was surrounded by small business leaders as he signed the order in the Oval Office.

Trump says that the order is aimed at “cutting regulations massively for small business.”

He says it will be the “biggest such act that our country has ever seen.”

During the daily White House press briefing Monday afternoon, Press Secretary Sean Spicer claimed the order would “help the economy get back on track.”

Related: Fmr. President Obama Has Something To Say About Trump’s Travel Ban

Earlier, White House officials called the directive a “one in, two out” plan. It requires government agencies requesting a new regulation to identify two regulations they will cut from their own departments.

His order comes as there are protests over another executive order placing a ban on travelers born in the following countries: Syria, Iraq, Iran, Yemen, Libya, Somalia, and Sudan.

White House Press Secretary Sean Spicer defended the ban Monday afternoon.

“We’re going to put the safety of American’s first,” said Spicer.

When asked about lawsuits filed against the U.S. due to the controversial order, Spicer said they were confident they would win.

“We feel pretty confident that if there are any problems, we’ll prevail,” said Spicer.

(TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2017 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


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