President Trump signed an executive order Friday taking aim at the regulatory labyrinth created by Dodd-Frank, the massive 24,000-page law passed in the wake of the 2008 financial crisis. “We expect to be cutting a lot out of Dodd-Frank,” Trump said, after morning meetings with business leaders. The order directs the Treasury secretary to initiate a review and consult with regulatory agencies to identify changes to Dodd-Frank. Trump pledged during the transition that rolling back regulations, particularly 2010 Dodd-Frank law, would be a priority of his administration. But in an early morning Friday session, the Senate voted 52-47 to OK the House-approved measure, which President Trump is expected to sign.

Source: Fox News February 03, 2017 20:35 UTC