The Committee’s Roadmap for Regulatory Reform sets forth priority regulatory actions for the Trump Administration that would promote U.S. economic growth and enhance the stability of the U.S. financial system. We believe that prompt action is necessary because certain regulations implementing the Dodd-Frank Act have stifled U.S. economic growth and policymakers have paid inadequate attention to regulatory measures that would enhance the performance of U.S. capital markets.
The Committee believes that each of our recommended reforms is consistent with the President’s Executive Order on Core Principles for Regulating the United States Financial System. We have therefore submitted our report to the Secretary of the Treasury to inform his response to the Executive Order.
The Committee further believes that the Secretary’s response to the President should not endorse acheter cialis any major legislative or regulatory reforms at this early stage. Instead, due to the complexity of the problem, the Secretary’s response to the President could proceed in multiple stages, while prioritizing banking regulatory reforms. In the Committee’s view, excessive regulation of U.S. banks is the most significant deterrent to U.S. economic growth.
We also note that many of our regulatory recommendations are consistent with provisions of the Financial CHOICE Act of 2017 (“CHOICE 2.0”), which was introduced in the House of Representatives in late April.
The Committee’s full report can be accessed here.