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Investing.com -- The administration of U.S. President Donald Trump is reportedly preparing an executive order to relax regulations on the export of military equipment. The order could be announced as early as Tuesday or Wednesday, according to Reuters, citing four sources familiar with the discussions.
These sources, comprised of individuals from both government and industry, anticipate the order to be akin to the legislation proposed last year by Michael Waltz, Trump’s national security adviser, during his time as a Republican member of the House of Representatives.
The White House has not responded immediately to requests for comment on the matter.
If it had been enacted, Waltz’s bill would have altered the U.S. Arms Export Control Act to raise the minimum dollar amounts that initiate a congressional review of arms exports to other countries. The thresholds would be increased to $23 million from $14 million for arms transfers, and would climb to $83 million from $50 million for the sale of military equipment, upgrades, training, and other services.
During his first term, President Trump frequently voiced his irritation with Congress members who delayed foreign arms sales over issues such as human rights.
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