Investment Management Counsel Authors Article Examining President Trump’s Executive Orders Relating to the Financial Services Industry

In The News
May 5, 2017

Since his inauguration, President Trump has taken aggressive action in directing federal agencies to proceed with deregulation. A May 1 article authored by investment management counsel David Tittsworth (Washington, D.C.), and published by Law360, provides background about presidential executive orders and examines the recently issued orders that relate to financial services topics and how these may affect the SEC and CFTC. In the article titled “How Recent Executive Orders May Affect SEC And CFTC,” Mr. Tittsworth discussed the following executive actions:

  • Jan. 20, 2017 presidential memorandum directing federal agencies to freeze new regulations
  • Jan. 30, 2017 executive order directing federal agencies to identify two existing regulations for repeal when proposing any new regulation
  • Feb. 3, 2017 executive order directing the Treasury Secretary to consult with other FSOC members and to issue a report on how existing laws and regulations comport with broad financial objectives
  • Feb. 24, 2017 executive order directing agencies to appoint a Regulatory Reform Officer to oversee the agency’s regulatory reform program
  • Mar. 13, 2017 executive order directing agencies to prepare a plan for submission to OMB) “to reorganize the agency, if appropriate, in order to improve the efficiency, effectiveness, and accountability of that agency”