Trump administration looks to roll back Dodd-Frank company regulations
![Donald Trump.](https://cdn.mos.cms.futurecdn.net/hsy7kGeempDTtdgsMummHJ-415-80.jpg)
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.
The Treasury Department report also advises the repeal of provisions concerning oil and natural gas. A section mandating the due diligence disclosure of "conflict minerals," including diamonds from the Democratic Republic of the Congo and other African countries, may also be repealed, as the department argues such disclosures are not "material to the reasonable investor for making investment decisions."
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Treasury Secretary Steven Mnuchin addressed the report Friday, saying: "By streamlining the regulatory system, we can make the U.S. capital markets a true source of economic growth, which will harness American ingenuity and allow small businesses to grow."
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Elianna Spitzer is a rising junior at Brandeis University, majoring in Politics and American Studies. She is also a news editor and writer at The Brandeis Hoot. When she is not covering campus news, Elianna can be found arguing legal cases with her mock trial team.q
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