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Trump Announces Plan on Bold Action to Lift Restrictions on American Energy

© REUTERS / Carlos Barria/File PhotoU.S. President-elect Donald Trump talks to members of the media as retired U.S. Army Lieutenant General Michael Flynn stands next to him at Mar-a-Lago estate in Palm Beach, Florida, U.S., December 21, 2016
U.S. President-elect Donald Trump talks to members of the media as retired U.S. Army Lieutenant General Michael Flynn stands next to him at Mar-a-Lago estate in Palm Beach, Florida, U.S., December 21, 2016 - Sputnik International
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President Donald Trump said to the Conservative Political Action Conference on Friday that he will soon take action to lift restrictions on all types of energy production in the United States.

Donald Trump attends a campaign rally at Klein Memorial Auditorium in Bridgeport, Connecticut on April 23, 2016 - Sputnik International
Trump Team Targets US Financial Legislation, Offering to 'Replace' Dodd-Frank
WASHINGTON (Sputnik) — Earlier, Trump pledged to look for ways to reduce energy prices in the United States in order to boost job creation in the country. He said that it is the main reason why he signed the resolution to eliminate a costly regulation, Dodd-Frank, imposed on American energy companies.

"We’re preparing bold action to lift the restrictions on American energy, including shale oil, natural gas and beautiful clean coal," Trump stated.

On February 3, Trump signed an executive order to review the Dodd-Frank Wall Street and Consumer Protection Act, enacted after the economic crisis in 2008.

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