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Remarks on Signing an Executive Order and a Memorandum on Financial Regulatory Reform and an Exchange With Reporters

February 03, 2017

The President. Today we're signing "Core Principles for Regulating the United States Financial System." Doesn't get much bigger than that, right?

[At this point, the President signed the Executive order entitled "Core Principles for Regulating the United States Financial System."]

The President. Okay.

National Economic Council Director Gary D. Cohn. Thank you, sir.

The President. Thank you very much.

[The President was handed the memorandum on the Fiduciary Duty Rule.]

Director Cohn. Here you go.

The President. Would you like to explain——

Representative Ann L. Wagner. That's my baby. [Laughter]

The President. Why don't you explain this.

Rep. Wagner. We—what we're doing is, we are returning to the American people, low- and middle-income investors and retirees, their control over their own retirement savings. This is about Main Street, and I am—it's been a labor of love for me for over 4 years. And the chairman and I have had—this is a big day, a big moment for Americans that care to invest and save.

The President. And she means that so much.

[The President signed the memorandum.]

The President. Chairman, I think we should hand the pen to this very special person.

House Financial Services Committee Chairman T. Jeb Hensarling. Absolutely, Mr. President.

Rep. Wagner. Thank you.

Chairman Hensarling. She earned it. She earned it.

Rep. Wagner. Thank you, sir. Thank you.

The President. Congratulations.

Rep. Wagner. Thank you. I'm grateful.

Chairman Hensarling. Thank you, Mr. President.

Iran

Q. Mr. President, do you have anything to say about the decision to make the Iran—[inaudible]—should they be expecting more? The President. They're not behaving.

NOTE: The President spoke at 1:18 p.m. in the Oval Office at the White House. In his remarks, he referred to Executive Order 13772.

Donald J. Trump, Remarks on Signing an Executive Order and a Memorandum on Financial Regulatory Reform and an Exchange With Reporters Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/323487

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