Stay up-to-date with the latest developments in securities law through access to both news and all statutes and regulations. Find relevant corporate filings through a searchable EDGAR database. And...
President Donald Trump told congressional Republicans today that he’d press on with efforts to overhaul the financial regulatory system.
“We will also pursue financial reforms that will help striving Americans get the credit they need to realize their dreams,” Trump told lawmakers during a party retreat in Philadelphia.
During the campaign, Trump said he wanted to dismantle the Dodd-Frank Act but has largely kept quiet on the issue since taking office.
Vice President Mike Pence echoed that call during the retreat, calling for eliminating the law’s “overbearing mandates so that well capitalized, well-regulated banks can meet the needs of small business, which is the engine of American job creation and prosperity.”
Republican efforts for revamping financial regulation in this Congress are still taking shape. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is preparing to release an updated version of his far-reaching Financial Choice Act, and lawmakers are eyeing a mid-February committee markup of the new bill.
On the Senate side, Banking Committee Chairman Mike Crapo (R-Idaho) wants Dodd-Frank changes as well but has said he would prefer a bipartisan approach. Crapo hasn’t publicized his plans.
No Democrats voted in favor of the previous version of Hensarling’s bill when it came up in committee in 2016.
To contact the reporter on this story: Rob Tricchinelli in Washington at firstname.lastname@example.org
To contact the editors responsible for this story: Seth Stern at email@example.com
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)