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 If Trump wins, he plans to free Wall Street from ‘burdensome regulations’
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A second Trump White House would seek to sharply reduce the power of US financial regulators, according to a review of public documents and interviews with people allied with the former president. Donald Trump would likely renew his efforts to scale back financial reforms, pare protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny. Some of the ideas in Trump’s current policy orbit include curtailing the Dodd-Frank Act, making it easier for private companies to raise capital, attacking environmental, social and governance (ESG) investments and disclosures, and potentially cutting staff at regulators. The changes would reverse key aspects of current financial regulation and upend the US's entire system of financial regulation. It is unclear what ideas Trump will take up and what can become settled policy. The outcome will depend on the results of the November elections in the US Senate and House of Representatives.

#DonaldTrump #WallStreet #FinancialRegulation #DoddfrankAct #EsgInvestments

https://www.brecorder.com/news/40298273