President Donald Trump issued an executive order Feb. 3 directing the Secretary of the Treasury to consult with the heads of member agencies of the Financial Stability Oversight Council to overview the Dodd-Frank Act, and propose ways of reducing its regulatory impact on the economy.
Multiple trade organizations expressed support for the idea of looking for ways of bringing about regulatory relief, although the concept of replacing Dodd-Frank entirely seems far-fetched, at least according to one organization leader. Read on to find out details about the order and what trade leaders have to say about it.