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Trump to Order U.S. Treasury to Delve into Taxes, Post-Crisis Reforms - ABI

U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business, Reuters reported today. A White House official said yesterday that Trump will issue an executive order directing the Treasury on the tax issues. He will also issue two memoranda asking for reviews of two parts of the 2010 Dodd-Frank Wall Street reform law — the Orderly Liquidation Authority that sets out how big banks can wind down during a crisis, and the Financial Stability Oversight Council (FSOC), which is comprised of the country's top regulators. The orders, which Trump will sign at the Treasury Department, comes as the president works toward making good on a major campaign promise to lower taxes.

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