January 31, 2017
Tuesday’s Regulatory & Legislative Roundup
- The Senate Banking Committee on Tuesday voted unanimously to move the nomination of Dr. Ben Carson to serve as secretary of Housing and Urban Development amid concerns from some about his lack of experience in housing issues.
- President Donald Trump signed an executive order Monday morning to significantly roll back regulations, following through on claims that he would be “cutting regulation massively.” According to the executive order, “It is the policy of the executive branch to be prudent and financially responsible in the expenditure of funds, from both public and private sources.” Link to article on Housing Wire for more.
- But executive orders are just the preamble to the big initiatives that Trump and the Republican majority in Congress are expected to push for shortly. Chief among those is the “dismantling” of the Dodd-Frank Wall Street Reform Act. During the presidential transition, Trump’s transition team stated that dismantling Dodd-Frank would be one of the president’s main priorities. And on Thursday, the American public got a reminder that the president and his party plan to keep that promise. Link to Housing Wire article here
