October 06, 2017 - 11:23 AM
WASHINGTON - The Trump administration is recommending ways to loosen the rules governing the U.S. stock, bond and derivatives markets, proposing a rollback of a variety of tougher requirements adopted in the wake of the 2008 financial crisis.
The 220-page report, prepared by the Treasury Department, argues that numerous rules enforced by such agencies as the Securities and Exchange Commission and the Commodity Futures Trading Commission need to be changed to promote stronger economic growth.
The report, called for by an executive order President Trump issued in February, was the second the administration has done laying out its vision for easing regulations imposed by the 2010 Dodd-Frank Act, which the administration believes went too far and has hurt economic growth. The first report in June dealt with banking regulations.
News from © The Associated Press, 2017