Trump SEC Pick Says He Has No ‘Specific’ Plans to Gut Dodd-Frank
- Clayton says it’s important to review ecnomic impact of rules
- Warren grills Wall Street lawyer over potential recusals
Sen. Warren Sees Clayton Recusals as an SEC Concern
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President Donald Trump’s pick to lead the Securities and Exchange Commission said he has no specific plans to dismantle regulations implemented under the Dodd-Frank Act, but that the new administration wants to examine whether the 2010 law is stifling economic growth.
“Dodd-Frank should be looked at, in particular rules that have been in place as to whether they are achieving their objectives effectively,” Wall Street lawyer Jay Clayton said during his Senate confirmation hearing Thursday. “But, I have no specific plans to” attack the legislation, he said.