The Definitive Guide to Business with Marcus Lemonis

Lemonis on Trump's call for de-regulation: Regulation hasn't stopped my business

On the campaign trail, Republican presidential nominee Donald Trump has called for rolling back government regulation, including rules by the Environmental Protection Agency and the Food and Drug Administration and a "temporary pause on new regulations."

But serial entrepreneur and CEO Marcus Lemonis says regulation hasn't impeded his businesses.

"When I think about talking about removing regulations from the marketplace, I mean I guess there are some things; I don't know what it would be," Lemonis said on CNBC's "Power Lunch" on Friday.

Marcus Lemonis
Scott Mlyn | CNBC
Marcus Lemonis

"To think the removal of regulation is going to accelerate growth, sure, if you make banking easier and getting a home mortgage easier, yeah you're going to sell more homes," Lemonis said. "And then what are we going to do with the defaults that happen at the end?"

Lemonis is the CEO of Camping World and has invested more than $35 million of his own money in several businesses as the star of CNBC's turnaround show "The Profit." In 1996, Lemonis lost a bid for Congress running as a Democrat.

"I can't think of any [regulation] that's really prevented me from growing. I can't think of it," he said. "I'll try, but I can't think of it."

CNBC'S "The Profit" airs Tuesdays at 10 p.m. EDT.