Velázquez Statement on Trump Executive Order on Dodd-Frank

Feb 6, 2017
Washington, DC – Rep. Nydia M. Velázquez (D-NY), the top Democrat on the House Small Business Committee, issued the following statement today regarding an Executive Order President Trump signed aimed at reducing several requirements in Dodd-Frank:
“Lax regulation preceded the 2008 financial crisis that locked up small business credit markets and almost sent our nation careening into another Great Depression.  With their attacks on Dodd-Frank, President Trump and Republicans are risking another economic catastrophe by rolling back regulations at the behest of Wall Street. I will continue opposing efforts to rescind important safeguards in Dodd-Frank that protect consumers and reduce systemic risk to our financial system.”