Removing Barriers Blog

Treasury Issues RFI about Streamlining Regulations
Posted June 19,2017 by CUNA Advocacy

On January 30, 2017, the President signed Executive Order 13771, Reducing Regulation and Controlling Regulatory Costs, to direct agencies to eliminate two regulations for each new regulation issued and to limit costs for this fiscal year to zero. On February 24, 2017, the President issued Executive Order 13777, Enforcing the Regulatory Reform Agenda, which requires agencies to convene a regulatory reform task force to assist in the implementation of Executive Order 13771. The Treasury is inviting members of the public to submit views and recommendations for Treasury Department regulations that can be eliminated, modified, or streamlined in order to reduce burdens. 

CUNA is seeking feedback from credit unions about any additional ideas for eliminating regulatory burdens, as well as feedback on the report titled, “A Financial System That Creates Economic Opportunities Banks and Credit Unions.” CUNA has previously sent suggestions to Treasury and the CFPB with suggestions for removing unnecessary regulatory burdens. 

Questions or suggestions can be sent to Leah Dempsey, Senior Director of Advocacy and Counsel at ldempsey@cuna.coop.