Waters Blasts Treasury Report Recommending Rollback of Dodd-Frank Capital Market Rules

WASHINGTON, D.C. - Today, in response to a report released by the U.S. Department of the Treasury that calls for the rollback of Dodd-Frank capital markets regulations, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:

“The report released by the Treasury Department today is nothing less than a blueprint for dismantling strong reforms that Democrats put in place in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The report recommends reducing disclosure requirements for executive compensation and payments to foreign leaders for oil and mineral rights, which would encourage bribery, greed, and risky behavior. It is crucial that we maintain transparency in our capital markets to protect investors and the general public from corporate misconduct. Donald Trump must not be allowed to roll back these important protections.”

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