Core Principles for Regulating the United States Financial System
Executive Order 2017-02762
|Signed on February 4, 2017
45th Presidency
What it means
Establishes "Core Principles" for regulating the US financial system, focusing on empowering Americans' financial independence, preventing bailouts, and fostering economic growth. The Treasury Secretary must report within 120 days on how existing laws align with these principles and identify regulations that inhibit them.
Expected impact
- Potential loosening of financial regulations established after the 2008 crisis, particularly those viewed as restrictive to banks and financial institutions
- More business-friendly regulatory environment that may increase financial sector competitiveness internationally
- Greater emphasis on individual financial choices and wealth-building rather than government protection
- Possible restructuring of financial regulatory agencies to reduce overlap and bureaucracy