The Treasury Department on Friday recommended the repeal of four sections of Dodd-Frank financial regulatory law, in an effort to create economic opportunity and growth.
Dodd-Frank regulations were established under the Obama administration in 2010 following the financial crisis. The Treasury Department argued in its Friday report that disclosures under Dodd-Frank levy an unnecessary burden on companies; one of the sections the department seeks to repeal is a regulation mandating that companies reveal annual CEO compensation along with median employee compensation.
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