2/14/2017

BANKING/DODD-FRANK/TRUMP AS PRESIDENT: “President Donald Trump accelerated his ambitious bid to roll back financial regulation Tuesday, signing into law a measure killing a Securities and Exchange Commission rule aimed at weeding out corruption in the energy industry.
The rule in question is a requirement of the 2010 Dodd-Frank financial overhaul, and was completed in the final months of former President Barack Obama’s administration. It requires energy companies to disclose publicly their payments to governments for the rights to extract oil, gas and minerals.”

 – Andrew Ackerman and Louise Radnofsky, “Trump Signs Measure Curbing Dodd-Frank Rules on Energy and Mining Companies,” The Wall Street Journal, Feb. 14, 2017