Treasury Issues Report on Banks Proposing Significant Dodd-Frank Act Changes in Response to Trump Executive Order on Core Principles of Financial Regulation

Treasury Issues Report on Banks Proposing Significant Dodd-Frank Act Changes in Response to Trump Executive Order on Core Principles of Financial Regulation


By: V. Gerard Comizio, Nathan S. Brownback

Amid the flurry of executive orders kicking off the Trump administration was a February 3, 2017 order that laid out “core principles” for U.S. financial regulation (“Executive Order 13772” or the “Order”).   The core principles are to:

  • empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth;
  • prevent taxpayer-funded bailouts;
  • foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry;
  • enable American companies to be competitive with foreign firms in domestic and foreign markets;
  • advance American interests in international financial regulatory negotiations and meetings;
  • make regulation efficient, effective, and appropriately tailored; and
  • restore public accountability within Federal financial regulatory agencies and rationalize the Federal financial regulatory framework.

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