President Trump Vows to do a "Big Number” on Dodd-Frank

1/30/2017 2:00:00 PM

The President addressed the difficulties the law created at an event with small business owners and executive order signing on reducing federal regulations.


President Donald Trump addressed the possible future of the Dodd-Frank Act during a meeting with small business owners Monday, calling the 2010 law that created the Consumer Financial Protection Bureau a “disaster.”

The meeting and remarks on Dodd-Frank preceded the president’s signing of an executive order requiring leaders of federal agencies to reduce regulations and costs.

“Small business is really our biggest business,” Trump said during the event. “We want to make life easier for these small business owners.”

During the event Trump also said, “We’re going to be doing a big number on Dodd-Frank,” Bloomberg reports.

The president’s Press Secretary Sean Spicer said Monday, when asked how the change to the law would occur, that Trump “would continue to work with Congress,” according to the article.

Earlier this month, at the Congressional Republican Retreat, Vice President Mike Pence “said that dismantling Dodd-Frank and its ‘overbearing mandates’ remains a top priority for the Trump administration,” Housing Wire reports.

ACA International will continue to follow this story and provide updates when available.

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