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Within hours of taking the oath of office, President Donald Trump on Friday night signed an executive order aimed at trying to fulfil one of his most impassioned campaign promises: Rolling back Obamacare, CNN reports.

The multi-part executive order stated that the administration's official policy is "to seek the prompt repeal" of the Affordable Care Act -- but at the same time emphasized that it must continue to uphold the law.

With his signature, Trump sent a powerful signal on Day One of his presidency: His top priority in the Oval Office will be dismantling the health care law that covers some 20 million Americans.

The order does not change the law, but could have a significant impact nonetheless.

It directs the secretary of health and human services, as well as other agencies, to interpret regulations as loosely as allowed to minimize the financial burden on individuals, insurers, health care providers and others.

It stressed that agencies can "waive, defer, grant exemptions from or delay implementation of any provision or requirement" of Obamacare that imposes a burden "to the maximum extent permitted by law."

In keeping with longstanding Republican beliefs, the order also looks to give states more flexibility and control over their health care markets and to allow insurers to offer policies across state lines.