Trump Order on Regulations May Leave Dodd-Frank Rules Untouched

President Trump signed an order on Monday, January 30th, that seeks to reduce federal regulations, but the policy does not apply to most of the Obama administration's financial reform rules, according to a recent Reuters article.

The order requires that agencies cut two existing regulations for every new rule introduced, with an annual cap on the cost of new regulations. However, this does not cover independent agencies including the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, Reuters explains.

During a meeting with small business owners, Trump described Dodd-Frank as "a disaster." He asserted that it was "almost impossible now to start a small business and it is virtually impossible to expand your existing business because of regulations."

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