President-elect Donald Trump named the newest addition to his team on Wednesday, announcing billionaire investor Carl Icahn as a special advisor on issues relating to regulatory reform.
According to Trump’s press announcement, “Icahn will be advising the president in his individual capacity and will not be serving as a federal employee or a special government employee and will not have any specific duties.”
Although the release is vague on any specific regulations, an article on CNBC by Jacob Pramuk cited a previous interview between Icahn and CNBC after Trump’s win in November when Icahn said “he is ‘not against regulation,’ as he would not want to repeal Dodd-Frank.”
But he said that “you can’t let the regulators start running the country.”
The statement is in stark contrast to the plans Trump has already announced on dismantling Dodd-Frank.