*Administration of Donald J. Trump, 2017 *

**Remarks on Signing an Executive Order and a Memorandum on Financial Regulatory Reform and an Exchange With Reporters **

*February 3, 2017 *

*The President.* Today we're signing "Core Principles for Regulating the United States Financial System." Doesn't get much bigger than that, right?

[*At this point, the President signed the Executive order entitled "Core Principles for Regulating the United States Financial System."*]

*The President. *Okay.

*National Economic Council Director Gary D. Cohn.* Thank you, sir.

*The President.* Thank you very much.

[*The President was handed the memorandum on the Fiduciary Duty Rule.*]

*Director Cohn.* Here you go.

*The President. *Would you like to explain——

*Representative Ann L. Wagner.* That's my baby. [*Laughter*]

*The President.* Why don't you explain this.

*Rep. Wagner.* We—what we're doing is, we are returning to the American people, low- and middle-income investors and retirees, their control over their own retirement savings. This is about Main Street, and I am—it's been a labor of love for me for over 4 years. And the chairman and I have had—this is a big day, a big moment for Americans that care to invest and save.

*The President.* And she means that so much.

[*The President signed the memorandum.*]

*The President.* Chairman, I think we should hand the pen to this very special person.

*House Financial Services Committee Chairman T. Jeb Hensarling.* Absolutely, Mr. President.

*Rep. Wagner. *Thank you.

*Chairman Hensarling. *She earned it. She earned it.

*Rep. Wagner.* Thank you, sir. Thank you.

*The President.* Congratulations.

*Rep. Wagner.* Thank you. I'm grateful.

*Chairman Hensarling.* Thank you, Mr. President.* *

*Iran *

*Q. *Mr. President, do you have anything to say about the decision to make the Iran—[*inaudible*]—should they be expecting more? *The President.* They're not behaving.

NOTE: The President spoke at 1:18 p.m. in the Oval Office at the White House. In his remarks, he referred to Executive Order 13772.

*Categories:* Addresses and Remarks : Financial regulatory reform, signing an Executive order and memorandum; Interviews With the News Media : Exchanges with reporters :: White House*.*

*Locations: *Washington, DC.

*Names:* Cohn, Gary D.; Hensarling, T. Jeb; Wagner, Ann L.

*Subjects:* Government organization and employees : Federal regulations, review; Iran : Relations with U.S.; Labor, Department of : Fiduciary Duty Rule, review; Social Security and retirement : Retirement accounts :: Financial advisers, fiduciary responsibility; White House Office : Economic Council, National.

*DCPD Number:* DCPD201700093.