overreach that is killing jobs." In 2012, for example, Republicans in the House Financial Services Committee voted to repeal a portion of the law; the legislation did not pass. Donald Trump has been harshly critical of Dodd-Frank, describing it as a "very negative force, which has developed a very bad name", and consistently calling for either a full repeal or major changes to the act throughout his 2016 presidential campaign. This reflected the Republican Party's platform regarding the act. Trump claimed during the campaign that the Act "made it impossible for bankers to function", and that the regulations installed by the act "[make it] very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs." Days after the election, Trump's transition team pledged to "dismantle" Dodd-Frank. Development Formal plans and discussion on part of Trump regarding Dodd–Frank and potential replacements began as early as June 2016, when Trump met with Congressman Jeb Hensarling, chair of the House Committee on Financial Services, to discuss alternatives to the act. During the presidential campaign, both Trump and campaign chairman were open to the idea of reinstating the Glass–Steagall Act, a provision of the 1933 Banking Act signed by President Franklin D. Roosevelt that placed tight restrictions on the banking industry, such as the prohibition of bank sales of securities, and the appropriation of funds for banks through the Federal Reserve System. The act was originally introduced to restore public confidence in the banking system after the Great Depression, however, a majority of the provisions were repealed by the Clinton Administration in 1999 through the Gramm–Leach–Bliley Act, following a decades-long decline in support among economists, businessmen, and politicians who did not find the restrictions to be productive. While formal plans to reintroduce the act were not made, Trump stated that a "21st century" Glass–Steagall Act would "help African American businesses get the credit they need." Delegates at the 2016 Republican National Convention voted to include a repeal of Dodd-Frank and a revival of Glass-Stegall as part of the party's platform for the 2016 elections, and Republican Party congressmen have since supported it. Order The executive order was signed by President Trump on February 3, 2017. The order is organized into three sections, one on Policy, one a directive to the Secretary of the Treasury, and one on General Provisions. The section on Policy outlines and officially