Trump 1968 received a bachelor's degree in economics from Wharton Business School, and then worked for his father Fred Trump's real estate company. 197 1 took over the company, engaged in real estate development, and the investment scope gradually extended to other industries.

20 15 In June, Trump announced his candidacy for the presidency of the United States as an American and a Republican. 20 1 1654381On October 9, Trump was elected as the 45th President of the United States and was sworn in on October 20 17/kloc-0. 65438+In February 2020, Trump lost the election and failed to be re-elected. 202 1 1 19, Trump delivered a farewell speech.

Trump's political initiative:

Relaxing financial supervision has always been one of the core agendas of the Trump administration. Since taking office, Trump has repeatedly promised to repeal the Dodd-Frank Act.

On May 25th, 20 18, Trump signed the Economic Growth, Deregulation and Consumer Protection Act, which was the first major adjustment to the Dodd-Frank Act passed in 20 10.

This bill relaxes the regulatory requirements on transactions, loans and capital of banks with assets below $654.38+000 billion, and also stipulates that banks with assets below $250 billion do not need to participate in the annual stress test held by the Federal Reserve.

There is no need to submit a "living will" to the Federal Reserve to obtain approval on how to liquidate after bankruptcy, both of which are safety measures to prevent financial crisis.

The bill does not abolish the power of regulators to take strict regulatory measures, nor does it modify the Volcker rule that prohibits Wall Street financial institutions from making risk bets with their own funds, nor does it limit the ability of regulators to exercise stricter supervision over large financial institutions with systemic influence.