Democrats are preparing for a battle over President Trump’s push to dismantle the Dodd-Frank financial reform law, which analysts said will be difficult to accomplish without bipartisan support. Trump signed an executive order Friday ordering a review of Dodd-Frank, which he has vowed to dismantle. Mnuchin, a wealthy Wall Street executive, would help lead the effort on an overhaul of financial rules. For example, a reconciliation provision could eliminate the independent funding stream for the Consumer Financial Protection Bureau and subject it to the congressional appropriations process. Mnuchin also used to work at the Wall Street investment bank.

Source: Los Angeles Times February 06, 2017 18:11 UTC