Friday, May 25, 2018

Dodd-Frank Bill's Small Bank Death Ray Removed


Trump Saves Us From Yet

 Another Obama-Era Failure

  • 05/24/2018 
  • Source: TTN
  •  
  • by: TTN Staff
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Trump Saves Us From Yet Another Obama-Era Failure

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

nation.”
Trump also offered praise for the moderate Democrats who helped usher
 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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