Due to last week’s InterGrowth conference, this week’s public policy roundup is coming out on Monday and is a bit shorter than usual. I enjoyed speaking with many of you who stopped by our public policy booth at the conference in San Diego.
In the latest roundup, trade is (still) in the news. Meanwhile, a House vote on repealing auto-lending guidance could signal more deregulation to come.
Trump Team Talks Trade
Bloomberg reports that the Trump-appointed delegation to China that we’ve covered previously has finished two days of negotiations, yet next steps remain unclear. Key asking points of the U.S. delegation were to cut the current U.S.-China trade deficit by at least $200 billion in two years, and for China to drop its pursuit of a World Trade Organization case and avoid any retaliatory action.
Is the trade war still on? It’s unclear, but the world will be eagerly awaiting President Trump’s next Twitter session on the topic.
Regulatory Rollback Precedent Marches Through to the House
The U.S. House of Representatives is set to vote to repeal the auto-lending guidance issued by the Consumer Financial Protection Bureau we previously reported on. The Hill reports that the House has it on the docket for May 7. Should the measure pass, Trump will likely sign it into law, opening the possibility for a strong Republican-led deregulatory push.
Ben Marsico is ACG Global’s manager of legislative and regulatory affairs.