Economic news

Trump may eliminate Dodd–Frank Act

U.S. President Donald Trump said on Tuesday that his administration was reconsidering the Wall Street reform law known as Dodd-Frank and might remove the rules and displace them with some alternative.

Since his inauguration, Trump ordered to make reviews of the main banking norms implemented after the 2008 financial crisis, and last week he reported officials were going to cut most of them.

A wider change to the law would be impossible without congressional action, though in some cases regulators may also have room for maneuver to make modifications through an official creation of regulatory acts.

In February, Trump gave order to consult with U.S. regulators and prepare a report indicating a recommendation for legislative changes that would boost economic growth and support American companies interests.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree