Apr 4, 2017

Trump: Time for a "major haircut" on Dodd-Frank

White House via YouTube

President Trump kicked off the White House CEO town hall Tuesday pledging to "completely destroy" regulations on US companies. Two takeaways from Trump's remarks:

1. Dodd-Frank:

"We're going to do a very major haircut on Dodd-Frank. We want strong restrictions, we want strong regulation. But not regulation that makes it impossible for the banks to loan to people that are going to create jobs."

2. Infrastructure: Trump said he was "willing to take the heat" to get rid of 95% of the federal regulations he said state governments must work through to get a highway built, gesturing at chart illustrating the regulations: "This is anywhere from a 10- to a 20-year process, 17 agencies, hundreds and hundreds of permits...29 different statutes…We're going to be able to get rid of 95% of that…and still get protection."

Who else spoke? Gary Cohn, Elaine Chao, Christopher Liddell, Kevin McCarthy, Wilbur Ross, Dina Powell, Ivanka Trump.

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