Trump Saves Us From Yet
Another Obama-Era Failure
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Trump on Thursday signed a new bill that will roll back some of the banking
restrictions levied by the Dodd-Frank bill. This bi-partisan bill will do damage
to the Obama era banking regulations.
According to The Hill:
President Trump on Thursday signed a bipartisan bill to loosen key portions
of the Dodd-Frank Act of 2010, cementing the first major changes to President
Obama’s landmark banking laws.
Trump enacted the legislation during a White House ceremony two days after
the House of Representatives passed the bill to exempt dozens of banks from
strict federal regulation.
Trump had pledged to “dismantle” Dodd-Frank, a law long targeted by
Republicans, and touted the bill he signed as the first step in that process.
While the bill will release dozens of banks from stronger Federal Reserve
oversight, it falls well short of the president’s vow to repeal and replace
Dodd-Frank.
“We’ve kept a lot of promises,” Trump said. “This is truly a great day for
Americans, and a great day for workers and small businesses across the
Trump also offered praise for the moderate Democrats who helped ushernation.”
this bill through Congress.
Read more at http://trumptrainnews.com/articles/trump-saves-us-from-yet-another-obama-era-failure#f0GPVRQ73kfICxSP.99
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