STAFF NEWS & ANALYSIS
Trump’s Planned Pruning of Regs Needs to Go Much Further
By Daily Bell Staff – February 03, 2017
Trump to sign executive actions targeting Obama financial regulations … The president is expected to sign a pair of executive orders targeting rules imposed on the financial sector Friday, according to senior White House officials.
The president has signed two executives order that will free up the ability for companies and Wall Street to function with less paperwork and regulatory reporting.
One of the bills that Donald Trump has started to repeal is called Dodd Frank. Part of Dodd Frank deals with the Volcker rule that that forbids banks from making trades for their own accounts.
Officials said one specific area that will be reviewed is the “Volcker Rule,” a provision of Dodd-Frank that barred banks from making trades for their own profit rather