During the recent election campaign, President-elect Donald Trump pledged to repeal the Dodd-Frank Act if elected, criticizing the regulatory burdens it imposed on different portions of the financial services sector and contending that it discouraged lending by banks and im paired the growth of the U.S. economy. In an interview in May 2016, Mr. Trump stated that he would dismantle most of Dodd-Frank if elected, and that “Dodd-Frank is a very negative force, which has developed a very bad name.” Mr. Trump continued, “Dodd-Frank has made it impossible for bankers to function...It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop.”