President Trump vows to cut 'job-killing' regulations on tech industry

President Donald Trump vowed to cut back on "job-killing" regulations on the tech industry in a meeting with business executives. President Trump met with leaders from the drone and broadband industries at the White House, the latest event in the administration's "tech week." “We want to remain number one in certain areas,” President Trump said. “We’re going to give you the competitive advantage that you need." “My administration has been laser focused on removing government barriers to job growth and prosperity. We’ve created a deregulation task force to find wasteful, intrusive and job-killing regulations, which there are many,” he continued.

Execs from AT&T, Sprint, Verizon and General Electric joined representatives from drone and venture capital firms attended the meeting, titled “American Leadership in Emerging Technology.” The administration has been soliciting recommendations on tech policy and modernizing government IT from industry CEOs. The execs discussed drones, 5G wireless broadband, the so-called Internet of Things and financing emerging technology in three breakout sessions prior to their meeting with the president in the East Room of the White House.