A Financial System That Creates Economic Opportunities
President Donald Trump established the policy of his Administration to regulate the U.S. financial system in a manner consistent with a set of Core Principles. These principles were set forth in Executive Order 13772 on February 3, 2017. A Financial System That Creates Economic Opportunities is a report created in response to that Executive Order. The reports issued pursuant to the Executive Order identify laws, treaties, regulations, guidance, reporting, and record-keeping requirements, and other Government policies that promote or inhibit Federal regulation of the U.S. financial system in a manner consistent with the Core Principles.
The Core Principles are:
A. Empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth;
B. Prevent taxpayer-funded bailouts;
C. Foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry;
D. Enable American companies to be competitive with foreign firms in domestic and foreign markets;
E. Advance American interests in international financial regulatory negotiations and meetings;
F. Make regulation efficient, effective, and appropriately tailored; and
G. Restore public accountability within Federal financial regulatory agencies and rationalize the Federal financial regulatory framework.