In 2010, when President Obama signed laws supposed to keep away from a repeat of the worldwide monetary disaster, Vice President Joe Bidenstood by his side.
The Dodd-Frank Wall Avenue Reform and Shopper Safety Act continues to represent the coverage variations between Democrats and Republicans on monetary regulation.
A second Trump administration would protect efforts to ease what it sees because the legislation’s overly burdensome provisions. A Biden administration, alternatively, is extra prone to carry Wall Avenue underneath nearer scrutiny.
“The [Trump] administration will proceed its give attention to pragmatic, pro-growth regulatory reforms that improve the resiliency of monetary markets, encourage using fintech, and increase entry to the monetary system,” mentioned Andrew Olmem, a former Nationwide Financial Council deputy director underneath President Trump.