The Trump Administration Launches its (De)Regulatory Initiatives: Implications for the Financial Sector and All Public Companies
On February 3, 2017, President Trump signed an executive order laying out his Administration’s “Core Principles” for the regulation of the US financial system. The executive order is available here. The executive order directed the Secretary of the Treasury to consult with the heads of key financial regulatory agencies and report to the President on the extent to which existing laws, regulations and policies promote or inhibit Federal regulation of the US financial system in a manner consistent with the Core Principles. While the President’s order did not specifically name the Dodd–Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder, it is widely assumed that part of the order’s intent is to identify provisions of that Act that are viewed as inconsistent with the Core Principles as the first step of an effort to repeal or modify them.
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