Editor: David Reiss
Brooklyn Law School

March 7, 2017

Tuesday’s Regulatory & Legislative Roundup

By Jamila Moore

  • President Donald Trump may be the leader of the U.S.; however, he is experiencing a slump in market demands like other luxury apartment developers. Although New York’s Trump Tower has state of the art security, the U.S. Secret Service, rental rates of some units have dropped nearly 30%.
  • A recent executive order lessening the impact of the Dodd-Frank Wall Street Reform Act made critics believe the country was headed into another recession. However, the executive order promotes more oversight of the agencies that oversee the implementation of the act. Due to its implementation, home ownership is at a historic low because of fees lenders must now pay in order to comply with the act. The result has been less mortgages available for the American people. While many may believe the repeal as financial misstep for Americans, it may actually prove to be helpful.
  • A Washington contractor is disappointed. The U.S. Government Accountability Office recently upheld a decision to allow NASA to deny the contract to build a 30 million dollar safety center at the their Glenn Research Center.
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