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TETELESTAI | 1-800 Numbers

This is where the 800#'s will be listed which will be included in the TETELESTAI post once published.

If there are no 800#'s, the TETELESTAI will still be published once given permission as it contains useful information prior to redeeming/exchanging your currencies.

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Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

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Intel SITREP - GCR/RV Update - Monday - April 24, 2017

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Thursday, April 20, 2017

Trump to Sign EO, Memoranda on Financial Regulation on Treasury

Trump to sign executive order, memoranda on financial regulation at Treasury


BY SYLVAN LANE - 04/20/17 07:05 PM EDT


© Getty Images

President Trump on Friday will sign one executive order and two presidential memoranda dealing with financial regulation and taxes at the Treasury Department, according to the White House.

All three documents will direct Treasury Secretary Steven Mnuchin to analyze key provisions of the Dodd-Frank Act and the tax code, and report back on ways to improve them. CNBC first reported that Trump would sign two executive orders at the Treasury.

Trump promised to "dismantle" Dodd-Frank during his campaign, and signed two executive orders in February instructing his cabinet to look for economically beneficial reforms they could make to the law. It’s unclear how the two memoranda to be signed Friday differ from previous orders.

The executive order directs Mnuchin to review “significant” tax regulations issued in 2016, and determine if any are too costly, complex or outside of an agency’s authority. The White House and Republican lawmakers are eager to reform the country’s tax code for the first time in 30 years, and are working on separate plans to do so, though only Congress can write and repeal taxes.

One memorandum directs Mnuchin to asses the Financial Stability Oversight Council’s (FSOC) process of designating banks and financial firms “too big to fail.” FSOC, a multi-agency group established in Dodd-Frank, monitors financial risks and designates certain banks and financial firms “systemically important financial institutions” (SIFIs). That label subjects banks to tougher federal oversight, and Republicans claim the designation is applied inconsistently and arbitrarily.

The other memorandum would direct Mnuchin to review and report back on whether the federal government's orderly liquidation authority (OLA) is useful or hurtful to the U.S economy, and in line with administration financial regulatory policy.

Established in Dodd-Frank, OLA is the process through which the federal government would help SIFIs sell off their assets without triggering an economic crisis. Though OLA is funded through fees paid by large banks and financial firms, Republicans call it a "bailout" for big banks and seek to replace it with a new bankruptcy process. Democrats typically support OLA as a safeguard against another financial crisis.

Trump's orders come as House Republicans prepare major legislative overhauls to Dodd-Frank. The House Financial Services Committee is scheduled to hold a hearing on April 26 to consider Chairman Jeb Hensarling’s (R-Texas) sweeping rewrite of the post-recession financial regulation.

Source: The Hill

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