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President Donald J.
Trump will deliver the commencement address to the U.S. Naval
Academy's 2018 graduating class in Annapolis, Maryland. Watch
live at 10:00 a.m. ET.
Rolling
back 'the disaster of Dodd-Frank'
Dodd-Frank
unfairly harmed the community banks that serve as the
backbone of small business in America. While the big financial
institutions used their vast resources to navigate Dodd-Frank's
costly and complex regulations, the number of community banks
in the United States decreased by 2,000 over the past 8 years.
Yesterday, rural
America and small towns got a boost. Thanks to the
Economic Growth, Regulatory Relief, and Consumer Protection Act
that President Trump signed into law, community banks and
credit unions will be freed of unnecessary regulatory costs and
able to direct more lending to small businesses and consumers.
That change is especially crucial for local businesses, many of
whom have few other options for credit.
"Today's
legislation is the next step in America's unprecedented
economic comeback," President Trump said. "As
a candidate, I pledged that we would rescue these community
banks from Dodd-Frank—the disaster of Dodd-Frank—and now we
are keeping that commitment."
Learn
more about this important, bipartisan fix to Dodd-Frank.
Watch:
President
Trump's full remarks at the signing ceremony
'This time,
we will not only plant our flag'
"This time,
we will not only plant our flag and leave our footprint.
We will establish a foundation for an eventual mission to
Mars," President Trump says about the next chapter of U.S.
space exploration. In an effort led by Vice President Mike
Pence, the Administration is reforming out-of-date space
policies, already taking significant steps to refocus the
Nation's space strategy.
President
Trump's Space Policy Directive - 2, signed yesterday,
ensures America's place as a leader in space commerce—a
crucial frontier with stiff global competition. The Directive
sets executive branch policy to ensure that any enforced
regulations are promoting economic growth, minimizing
uncertainty for taxpayers and industry, protecting national
security, and encouraging American leadership.
Within 30 days,
for example, the Commerce Secretary is directed to submit a
plan for creating a "one-stop shop" within the
Commerce Department for handling all commercial space flight
activities.
See
how President Trump will help make America a leader in space
commerce.
Go deeper:
America
will once again reach for the Moon—and beyond
Photo of
the Day
Official White House
Photo by Shealah Craighead
President Donald
J. Trump welcomes 106-year-old Pearl Harbor veteran Ray Chavez
to the Oval Office | May 24, 2018
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● Here,
many foreigners are victims. You are a #MeToo
victim too.
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