00:46USA: Trump signs executive order rolling back Dodd-Frank financial reforms bill
US President Donald Trump signed three executive orders in Washington DC, Friday, repealing aspects of the Dodd-Frank financial reforms bill and directing the Treasury Secretary to review significant tax code changes since 2016.
The executive order repeals aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including allowing the government to shut down financial institutions considered 'too big to fail' as well as reforms designed to prevent tax evasion by corporations overseas.
The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed by previous US President Barack Obama in 2010 in response to the financial crisis to introduce regulation in the finance sector.
The orders do not pose any substantial changes to federal policy but rather call for reviews at cabinet-level. Trump also announced that his administration would publish tax reform measures on Wednesday.
00:46US President Donald Trump signed three executive orders in Washington DC, Friday, repealing aspects of the Dodd-Frank financial reforms bill and directing the Treasury Secretary to review significant tax code changes since 2016.
The executive order repeals aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including allowing the government to shut down financial institutions considered 'too big to fail' as well as reforms designed to prevent tax evasion by corporations overseas.
The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed by previous US President Barack Obama in 2010 in response to the financial crisis to introduce regulation in the finance sector.
The orders do not pose any substantial changes to federal policy but rather call for reviews at cabinet-level. Trump also announced that his administration would publish tax reform measures on Wednesday.