The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)™, regarding President Donald Trump's Executive Order creating a Regulatory Reform Task Force with the objective to review and recommend the elimination of overly burdensome regulations:

"Startups – especially tech companies – are the very first to feel the consequences of unnecessary regulations that ultimately stifle innovation and prevent opportunities for job growth here in the United States. With two dozen federal agencies and more than 30 congressional committees covering IoT devices and tens of thousands of costly Obama regulations, we are well overdue for a thorough examination of unnecessary, duplicitous and ineffective federal rules and regulations.

"The Task Force process – especially the feedback from stakeholders in Section 3(e) – should distinguish between regulations we need for national harmonization versus the ones that are overly burdensome, crushing innovation and startups.

"The reality of the 21st Century tech-economy is that one-size-fits-all regulations spawn numerous unintended consequences that could stifle and suffocate our new economy. It’s also important to recognize that in some cases, non-regulatory, market-oriented solutions will avoid the costs and burdens of traditional regulation and deliver results faster. We look forward to engaging in the discussions and opportunities that will follow today’s executive order."