Economic Policy

Executive order on Buy American and Hire American

Economic Policy -- April 18, 2017

This executive order is intended to help the US economy both by ensuring that the federal government buys goods made in the US and by protecting US workers.

The “Buy American” provisions of the Executive Order “maximize” the federal government’s adherence to laws requiring the “use of goods, products, and materials produced in the United States” while also minimizing the use of waivers for such laws. The order also sets timelines for agencies to assess these processes and to develop new policies for them.

The “Hire American” provisions of the order are intended to “rigorously enforce and administer” laws related to foreign workers, and the order specifically emphasizes reviewing and reforming the H-1B visa program. This order will not make immediate changes, but instead directs...

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Trump signs executive order to review Dodd-Frank Act

Economic Policy -- February 03, 2017

The president signed an executive order Friday that will direct the Treasury secretary to review the 2010 Dodd-Frank financial oversight law, which reshaped financial regulation after the 2008-09 financial crisis. While Mr. Trump’s signed order won’t have any immediate impact, it directs the Treasury secretary to consult with members of different regulatory agencies and the Financial Stability Oversight Council and report back on potential changes. That likely includes a review of the Consumer Financial Protection Bureau (CFPB), which vastly expanded regulators’ ability to police consumer products - from mortgages to credit cards to student loans.

(Source: CBS News)


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