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Republican Platform Under Trump Backs Glass-Steagall's Return

Submitted by jhartgen@abi.org on

Republican National Convention delegates approved a platform yesterday that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, Bloomberg News reported. The Glass-Steagall measure puts presumptive presidential nominee Donald Trump and his party in the company of unlikely allies such as Bernie Sanders, who ran against Democrat Hillary Clinton on a plan that included Glass-Steagall reinstatement, underscoring the blurring of political lines in the 2016 race. The platform also embraces Trump's stance on international trade, saying that trade agreements — such as the Trans-Pacific Partnership negotiated by the Obama administration, though an explicit reference to that deal was removed — should not be rushed.