Mr. Mulvaney explained that the administration might just put something back in place if the courts decide it is unconstitutional. If that happens, the budget deal contains a new “Enforcement of Our Laws,” section that states, “nothing in this Act shall be construed to impose any obligation upon the President or the Secretary to revoke, modify, suspend, or defer” action under Dodd-Frank.
“The Executive Branch shall use all lawful authority to enforce existing Wall Street reforms,” the new section reads. “This section does not foreclose any regulation that could have greater public benefit at this time.”
The Center for Responsive Politics has more on the new regulations.
The House passed a more modest bill that would make some early-term payments on student loans, and protect borrowers from late fees. The bill, sponsored by Representative Victoria B. Lipnic, (R-Fla.), also provides permanent increases in Pell Grants, though Mr. Mulvaney had said that Pell Grants would not be a “big part” of the administration’s effort to “ease” the burden on students.
The loan bills, which are known as bill-cramming, are common among people who file for bankruptcy, and opponents fear that the new measures could help students slide through bankruptcy.
Joe and Rebecca Anderson, who co-founded Did You Know, one of the first advocacy groups for men’s health, received a Day in the Life award from Joseph S. Califano Jr., the former secretary of Health, Education and Welfare during the Jimmy Carter administration, at the 37th annual Health Care Summit. Some involved with the fight against human trafficking also appeared onstage at the event. And Pete Lang, chief financial officer of Covington & Burling LLP, spoke about how business managers and volunteers can respond to traumatic events.
The U.S. Public Interest Research Group issued a report on the Trump administration’s history of neglecting to protect people with chronic medical conditions. The report points to particular attention to “orphan beds” — or beds meant for those who have no other options for health care — from the Trump administration’s 2018-19 budget proposal, which calls for a 27 percent cut to the Children’s Health Insurance Program, and zeroing out funding for the National Health Service Corps.