Early on Friday, February 24th, President Trump issued an executive order instructing federal agencies to create task forces to review regulations and recommend changes to modify or eliminate rules he believes are “crushing our economy.” The executive order continues a trend in the Trump Administration to limit new government regulations and roll back laws deemed harmful to job creation and economic development.
Upon entering the Oval Office, President Trump administered a regulatory freeze and later signed an executive order asking federal agencies to repeal two existing laws for each new law created. The “2 for 1” executive order is being challenged in court on constitutional grounds.
With so many proposed changes to the Dodd-Frank Act, the implications of President Trump’s task forces on lending regulations in uncertain. Keep checking in with NAFSA at www.nativefinance.org as the new regulatory landscape unfolds in Washington.
Watch Trump’s comments on the creation of the regulatory task force here.