FOR IMMEDIATE RELEASE: Feb. 20, 2025

CONTACT: Carter Dougherty, carter@ourfinancialsecurity.org

Americans for Financial Reform on Trump’s DOGE Deregulatory Initiative

Washington, D.C.– Patrick Woodall Managing Director for Policy at Americans for Financial Reform:

“This executive order is an unconstitutional power-grab that delegates supreme authority over congressionally-mandated, court-sanctioned statutes and regulatory safeguards to unelected, unnominated, unconfirmed bureaucrats. 

“In elevating the role of the DOGE team, it creates astounding conflicts of interest since Elon Musk can, with a wave of his hand, exempt his own companies from federal investigations and enforcement. With interests in media and digital payments, manufacturing, telecommunications, space travel, artificial intelligence, and more, the power Musk now has is shocking in scope.

“The executive order does not even mention the word “people,” who will be the ones harmed by giving  billionaires free rein to take advantage of people, promote their own interests, and wreck the environment. Make no mistake, this is part of Trump’s agenda to let billionaire-oligarchs reign unchecked over the rest of us.”

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