Republican presidential nominee Donald Trump said Monday that if elected, he would issue a moratorium on new regulations, but he might be hard-pressed to enforce such an edict with independent agencies such as the NCUA.

In the text of a speech delivered to the Detroit Economic Club on Monday, Trump vowed to cease the flow of new rules.

"Upon taking office, I will issue a temporary moratorium on new agency regulations," he said, adding that Republican vice presidential nominee Gov. Mike Pence of Indiana issued a similar order when he became governor.

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