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US budget bill targets agencies advancing financial stability, consumer protection

By Neil Roland ( June 19, 2025, 19:49 GMT | Comment) -- President Trump’s “Big Beautiful Bill” would eliminate or dilute four agencies created with bipartisan support this century to advance financial stability and consumer protection. Three of those agencies were formed by the Dodd-Frank Act in the wake of the 2007-09 financial meltdown, and the fourth was established by the 2002 Sarbanes-Oxley Act following a slew of massive bankruptcies, including those of Enron and WorldCom.President Donald Trump’s budget and overarching policy legislation, known as the “Big Beautiful Bill,” would eliminate or dilute four agencies created with bipartisan support within the last 25 years to advance financial stability and consumer protection....

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