Most Americans think of the 2010 Dodd-Frank Act as a far-reaching effort to regulate the financial services industry to prevent another global recession. But there’s a somewhat obscure provision involving Congo that the Trump administration threatened to undo.
And that might have been a good thing for Congo, since — according to our research — the provision had troubling unintended consequences and was not helping to reduce conflict, as intended.
In February 2017, President Trump threatened to suspend Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which would have required his administration to replace it with ‘more effective means.’ Although the suspension did not actually take effect, his interest in suspending the law is a reminder of a contentious piece of legislation that had noble intentions but mixed effects. Continue Reading →