VIDEO: President Donald Trump Signs Executive Order Targeting Wall Street, Banking Regulations
By ABC News // February 3, 2017
ABOVE VIDEO: President Donald Trump signed two executive actions Friday related to financial regulations that take aim at Wall Street and banking regulations.
(ABC NEWS) – President Donald Trump signed two executive actions Friday related to financial regulations that take aim at Wall Street and banking regulations.
One of the actions is an executive order directing the secretary of the Treasury to consult regulatory agencies and report to Trump about what can be done to eliminate the “overreaching” aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a federal law signed by President Barack Obama in 2010, and a frequent target of Republicans on Capitol Hill during the Obama administration.
The order also takes aim at the law’s Volcker rule, which limits the ability of banks to speculate, an official told ABC News earlier today.
The official said Trump’s executive order is not an attempt to undo Dodd-Frank but could mean the elimination of certain regulations and “personnel decisions.”
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