The Latest: Trump eager to sign bill rolling back Dodd-Frank
WASHINGTON (AP) — The Latest on a bill rolling back Dodd-Frank regulations (all times local):
8:05 a.m.
President Donald Trump says he is eager to sign a bill that will dismantle a chunk of the landmark Dodd-Frank act that grew out of the 2008 financial collapse.
A day after the House voted to approve the bill, Trump tweeted Wednesday: "Big legislation will be signed by me shortly." He cited "big changes to DODD FRANK."
The bill raises the threshold at which banks are deemed so big and plugged into the financial grid that if one were to fail it would cause major havoc. Those banks are subject to stricter capital and planning requirements.