Skip to main content
Menu Icon Menu Icon
Close

In The News

Benjamin K. Olson quoted in Reuters article, “Shutdown is starting to hurt Trump's financial deregulation agenda”

Reuters

Benjamin K. Olson

Benjamin K. Olson was quoted on January 17, 2019 in a Reuters article, “Shutdown is starting to hurt Trump's financial deregulation agenda,” which discussed how the U.S. government shutdown is effecting banks and corporations by limiting the window for new rules to take effect. The article stated, “Of particular concern is the fate of rules being penned by regulators to implement changes, passed by the Republican Congress last May, that relaxed restraints imposed on banks after the financial crisis, said lobbyists and regulatory sources. Republican lawmakers had expected many of those changes would be close to the finish line by now, but several have yet to be put to public comment. This step, among others, is part of a strict rule-changing process dictated by federal law that cannot be easily expedited once the government reopens.”

Olson noted, “While there is an image of folks coming in and cutting red tape, for better or worse that is not the way our legal process works and the government shutdown really impedes that process.”

Click here to read the full article.