82 FR 9965 - Core Principles for Regulating the United States Financial System

Executive Office of the President

Federal Register Volume 82, Issue 25 (February 8, 2017)

Page Range		9965-9966
FR Document		2017-02762

Federal Register, Volume 82 Issue 25 (Wednesday, February 8, 2017)

[Federal Register Volume 82, Number 25 (Wednesday, February 8, 2017)]
[Presidential Documents]
[Pages 9965-9966]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-02762]



[[Page 9963]]

Vol. 82

Wednesday,

No. 25

February 8, 2017

Part II





The President





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Executive Order 13772--Core Principles for Regulating the United States 
Financial System


                        Presidential Documents 



Federal Register / Vol. 82 , No. 25 / Wednesday, February 8, 2017 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 9965]]

                Executive Order 13772 of February 3, 2017

                
Core Principles for Regulating the United States 
                Financial System

                By the power vested in me as President by the 
                Constitution and the laws of the United States of 
                America, it is hereby ordered as follows:

                Section 1. Policy. It shall be the policy of my 
                Administration to regulate the United States financial 
                system in a manner consistent with the following 
                principles of regulation, which shall be known as the 
                Core Principles:

                    (a) empower Americans to make independent financial 
                decisions and informed choices in the marketplace, save 
                for retirement, and build individual wealth;
                    (b) prevent taxpayer-funded bailouts;
                    (c) foster economic growth and vibrant financial 
                markets through more rigorous regulatory impact 
                analysis that addresses systemic risk and market 
                failures, such as moral hazard and information 
                asymmetry;
                    (d) enable American companies to be competitive 
                with foreign firms in domestic and foreign markets;
                    (e) advance American interests in international 
                financial regulatory negotiations and meetings;
                    (f) make regulation efficient, effective, and 
                appropriately tailored; and
                    (g) restore public accountability within Federal 
                financial regulatory agencies and rationalize the 
                Federal financial regulatory framework.

                Sec. 2. Directive to the Secretary of the Treasury. The 
                Secretary of the Treasury shall consult with the heads 
                of the member agencies of the Financial Stability 
                Oversight Council and shall report to the President 
                within 120 days of the date of this order (and 
                periodically thereafter) on the extent to which 
                existing laws, treaties, regulations, guidance, 
                reporting and recordkeeping requirements, and other 
                Government policies promote the Core Principles and 
                what actions have been taken, and are currently being 
                taken, to promote and support the Core Principles. That 
                report, and all subsequent reports, shall identify any 
                laws, treaties, regulations, guidance, reporting and 
                recordkeeping requirements, and other Government 
                policies that inhibit Federal regulation of the United 
                States financial system in a manner consistent with the 
                Core Principles.

                Sec. 3. General Provisions. (a) Nothing in this order 
                shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or 
the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget 
relating to budgetary, administrative, or legislative proposals.

                    (b) This order shall be implemented consistent with 
                applicable law and subject to the availability of 
                appropriations.

[[Page 9966]]

                    (c) This order is not intended to, and does not, 
                create any right or benefit, substantive or procedural, 
                enforceable at law or in equity by any party against 
                the United States, its departments, agencies, or 
                entities, its officers, employees, or agents, or any 
                other person.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    February 3, 2017.

[FR Doc. 2017-02762
Filed 2-7-17; 11:15 am]
Billing code 3295-F7-P

$9965 Federal Register Presidential Documents Vol. 82, No. 25 Wednesday, February 8, 2017 Title 3— Executive Order 13772 of February 3, 2017 The President Core Principles for Regulating the United States Financial System By the power vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. It shall be the policy of my Administration to regulate the United States financial system in a manner consistent with the following principles of regulation, which shall be known as the Core Principles: (a) empower Americans to make independent financial decisions and in- formed choices in the marketplace, save for retirement, and build individual wealth; (b) prevent taxpayer-funded bailouts; (c) foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry; (d) enable American companies to be competitive with foreign firms in domestic and foreign markets; (e) advance American interests in international financial regulatory negotia- tions and meetings; (f) make regulation efficient, effective, and appropriately tailored; and (g) restore public accountability within Federal financial regulatory agen- cies and rationalize the Federal financial regulatory framework. Sec. 2. Directive to the Secretary of the Treasury. The Secretary of the Treasury shall consult with the heads of the member agencies of the Financial Stability Oversight Council and shall report to the President within 120 days of the date of this order (and periodically thereafter) on the extent to which existing laws, treaties, regulations, guidance, reporting and record- keeping requirements, and other Government policies promote the Core Prin- ciples and what actions have been taken, and are currently being taken, to promote and support the Core Principles. That report, and all subsequent reports, shall identify any laws, treaties, regulations, guidance, reporting and recordkeeping requirements, and other Government policies that inhibit Federal regulation of the United States financial system in a manner con- sistent with the Core Principles. Sec. 3. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect: (i) the authority granted by law to an executive department or agency, or the head thereof; or (ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals. (b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations. asabaliauskas on DSK3SPTVN1PROD with E0 VerDate Sep<11>2014 17:39 Feb 07, 2017 Jkt 241001 PO 00000 Frm 00003 Fmt 4705 Sfmt 4790 E:\FR\FM\08FEE0.SGM 08FEE0$

Document Created: 2017-02-08 02:58:55
Document Modified: 2017-02-08 02:58:55

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Presidential Documents
FR Citation		82 FR 9965