Skip to content
Subscriber Only

Trump’s Dodd-Frank Do-Over Diverted to Slow Lane With Obamacare

  • Republicans have yet to agree on a plan to undo financial law
  • They also don’t have a strategy for replacing health-care law
Bloomberg business news

Trump’s Dodd-Frank Rollback Will Be a Complicated Process

President Donald Trump’s pledge to dismantle the Dodd-Frank financial overhaul is colliding with the same reality as his pledge to gut Obamacare: The Republican majority in Congress can’t decide how to make it happen and Democrats are vowing to fight.

Trump, who last month said Obamacare would be replaced “the same day or the same week,” or perhaps “the same hour,” acknowledged Sunday that the health-care law isn’t going away anytime soon. "We should have something within the year and the following year,” told Fox News’s Bill O’Reilly.