Text of Trump’s order on financial regulation

Marketwatch ^ | Feb 3, 2017 4:07 p.m. ET

[Ernest_at_the_Beach]

U.S. President Donald Trump signs an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington, U.S. February 3, 2017.

The following is the text of the executive order signed by President Donald Trump, that is meant to be a first step toward limiting the power of the Dodd-Frank bank reform law.

“By the power vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

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Text of Trump’s order on financial regulation By MarketWatch

Published: Feb 3, 2017 4:07 p.m. ET

Reuters U.S. President Donald Trump signs an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington, U.S. February 3, 2017.

The following is the text of the executive order signed by President Donald Trump, that is meant to be a first step toward limiting the power of the Dodd-Frank bank reform law.

“By the power vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

Section 1. Policy. It shall be the policy of my Administration to regulate the United States financial system in a manner consistent with the following principles of regulation, which shall be known as the Core Principles:

(a) empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth;

(b) prevent taxpayer-funded bailouts;

(c) foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry;

[Ernest_at_the_Beach]

Well....you get the idea/....

[Robert DeLong]

Very positive EO.

[Herman Ball]

With Chris Dodds and Barney Franks name attached it has to be wrong. They must have pocketed plenty to get it passed.

[Herman Ball]

With Chris Dodds and Barney Franks name attached it has to be wrong. They must have pocketed plenty to get it passed.

[Read Write Repeat]

Is Congress asleep? This is their job.

[butlerweave]

When Obama hits the Sunday morning shows he’ll have a ton too Whine about

[Army Air Corps]

Here is the most recent activity.

[joshua c]

Hopefully this means no more huge penalties based on disparate impact.

They have been penalizing companies for discrimination without any actual evidence of discrimination.

[Ernest_at_the_Beach]

I am not sure what this says,...other than the Head of Treasury to consult and Study...and report back to the President.

I think Obama did some last minut stuff....so perhaps this stalls any action of his EO's....changes to the Law have to come from the Congress....

Just Guessing....

[NEPA]

Yes, exactly. A law duly passed can’t be changed through executive order. Trump is wrong here even though he’s right on the issue. It’s unconstitutional.

Dodd Frank is bad law but the process needs to go through Congress.

[Army Air Corps]

A list of bills submitted for the 115th Congress.

[Ernest_at_the_Beach]

See my note at #10.

[Army Air Corps]

Ping.

[Ernest_at_the_Beach]

This is interesting!

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. H.R.826 — 115th Congress (2017-2018) To require the head of each executive agency to relocate such agency outside of the Washington, D.C., metropolitan area, and for other purposes. Sponsor: Rep. Davidson, Warren [R-OH-8] (Introduced 02/02/2017) Cosponsors: (1) Committees: House - Oversight and Government Reform Latest Action: 02/02/2017 Referred to the House Committee on Oversight and Government Reform. (All Actions) Tracker:

This bill has the status Introduced

Here are the steps for Status of Legislation:

1. Introduced
   Array ( [actionDate] => 2017-02-02 [displayText] => Introduced in House [externalActionCode] => 1000 [description] => Introduced )
2. Passed House
3. Passed Senate
4. To President
5. Became Law

[Ernest_at_the_Beach]

Here is a Great ONE!!!!

Aimed RIGHT AT CALIFORNIA!!!!!

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19. H.R.824 — 115th Congress (2017-2018) To amend title 23, United States Code, to prohibit expenditure of certain transportation and infrastructure funds for a project located in a sanctuary jurisdiction, and for other purposes. Sponsor: Rep. Smith, Jason [R-MO-8] (Introduced 02/02/2017) Cosponsors: (0) Committees: House - Transportation and Infrastructure Latest Action: 02/02/2017 Referred to the House Committee on Transportation and Infrastructure. (All Actions) Tracker:

This bill has the status Introduced

Here are the steps for Status of Legislation:

[Read Write Repeat]

OK

[Army Air Corps]

Both of those resolutions have been sent to Committee, so let’s see if they make it out of their respective committees, and make it to the floor for a vote.

[Read Write Repeat]

Yes, I know the Dems are busy trying to come up with ways to stop the border wall and gum up the works.

[FateAmenableToChange]

It lays out general philosophical principles and directs the secretary of the treasury to prepare a report within 120 days analyzing whether federal law interferes with those philosophical goals. Not unconstitutional at all. Fairly milquetoast. Shot across the bow at most.