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Velázquez Statement on Trump Executive Order on Dodd-Frank

Statement

Date: Feb. 6, 2017
Location: Washington, DC
Issues: Business and Consumers Executive Branch

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."


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