Welcome to an MLEX podcast. I'm Neil Roland, the U.S. Financial Regulations Editor with reporter Neil

Haggertie. Thanks for joining us, Mr. Haggertie. Good to be here. Neil, more than six months

have passed since Donald Trump became president. On the campaign trail, he said he wanted changes

that, quote, would be close to dismantling of the Dodd-Frank Act, and he has certainly

been trying to do so as president. But legislation to roll back these Wall Street reforms

isn't close to passing it and may never pass. In fact, the whole issue has dropped out of sight

on the legislative front. What's going on? So one of the first things President Trump did to make good on that promise to dismantle.

Dodd-Frank was an executive order earlier this year, basically directing the Treasury Secretary

to do a comprehensive review of financial regulations. The Treasury Secretary issued his first

report in June with some recommendations to Congress and the regulators, and we expect two more after Labor

Day. The administration has prioritized health care and tax reform first, however, and you can

sort of see the gridlock in Washington. As they struggle to make any sort of health care reforms,

there's even fractions within the parties that's made this a problem, and this could be assigned

for any major Dodd-Frank rollbacks.

To clarify on the Glid Rock, you correctly mentioned, there's been not a single piece of

major legislation that's passed since the Trump administration took over.

You've got a Republican president, you've got Republicans controlling both houses of Congress.

But the Republican leaders have shown no propensity for governing, no interest in the time, effort,

or compromise for legislation. And you have a White House that's been disengaged, led by a president

who has shown no interest in policy detail, and heads

of White House that has been chaotic.

So let's zero in though on the Wall Street efforts here, efforts to roll back Wall Street

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