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Donald Trump will sign two presidential memos on finance, tax rules

Will also sign order to examine if any significant tax rules impose an undue burden on US taxpayers

IANS  |  Washington 

US President Donald Trump is planning to order a review of key financial rules on Friday, according to a White House official. Trump will sign two presidential memos in this regard, Politico news reported. One will direct Treasury Secretary Steven Mnuchin to examine the government's so-called orderly liquidation authority to wind down failing megabanks outside of bankruptcy court, the official said on Thursday. The second memo will examine the risks of placing "systemically important" non-bank financial firms under the oversight of the Federal Reserve, which ...

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First Published: Fri, April 21 2017. 15:59 IST
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