On April 26, 2017 Representative Hensarling’s Financial Services Committee published the Financial CHOICE Act, HR 10. According to the Executive summary the bill will: End “Too Big to Fail” and Bank Bailouts Demand Wall Street Accountability through enhanced penalties for fraud and deception Demand accountability from financial regulators and devolve power away from Washington Provide for election to be a strongly capitalized, well managed financial institution Unleash opportunities for small businesses, innovators, and job creators […]
Tag: Regulatory Reform
TRUMP TO ELIMINATE REGULATIONS
On January 30 President Trump signed an Executive order that states, among other items: Whenever an executive department or agency (agency) publicly proposes for notice and comment or otherwise promulgates a new regulation, it shall identify at least two existing regulations to be repealed; The total incremental cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero, unless otherwise required by law or consistent with advice provided in writing […]