(Reuters) - U.S. President Donald Trump on Monday signed an executive order aimed at facilitating and accelerating corporate investments of more than $1 billion, the White House said.

The order establishes an office within the Department of Commerce called the United States Investment Accelerator, which will encourage companies to make large investments by reducing regulatory burdens, speeding up permitting, co-ordinating with federal agencies and states, and increasing access to national resources, according to a fact sheet released by the White House.