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Treasury releases first report on a regulatory overhaul

Joe Mont | June 14, 2017

On June 12, the Treasury Department released the first in a series of reports to President Donald J. Trump recommending executive actions and regulatory changes “that can be immediately undertaken to provide much-needed relief” for businesses affected by a regulatory build-up.

“Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy,” Treasury Secretary Steven Mnuchin said in a statement. “We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products, while ensuring taxpayer-funded bailouts are truly a thing of the past.”

Executive Order 13772 instructed the Treasury Secretary to report to the President the extent to which the existing...

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