A top House Republican said Wednesday he is aiming to work with President-elect Trump to undo President Obama's pending rules on retirement advice and payday lending.
Rep. Jeb Hensarling, the chairman of the House Financial Services Committee, outlined his priorities for the next Congress during a speech in downtown Washington and said he would aim to shutter Fannie Mae and Freddie Mac.
Reform of the Federal Reserve also "remains a top priority," Hensarling said.
The Texas Republican is the author of a sweeping financial reform bill, the Financial CHOICE Act, that would replace Obama's 2010 reform bill. While Trump has not endorsed Hensarling's bill, he has expressed support for the goal of replacing the existing Dodd-Frank law. Hensarling said Wednesday that he was working on version "2.0" of the plan.
He also said that he is in "fairly constant dialogue" with Trump's transition team.
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05.07.2024