GOP Banking Chair: Dodd-Frank Dismantling is First-Year Priority for Trump
Jeb Hensarling
Image by Gage Skidmore
Dismantling President Obama’s financial reform law is not a priority for President-elect Trump’s first 100 days, the author of GOP legislation to undo the law said Thursday, but it is a task for Trump’s first year, reports The Washington Examiner.
Jeb Hensarling, the chairman of the House Financial Services Committee, said he’s discussed ditching the law with Trump, writes
“The president-elect committed to dismantle Dodd-Frank. It’s going to happen in the first year.”
Hensarling has said that some of the law could be dismantled through executive action and more could be undone using budget reconciliation.