President-elect Donald Trump won the election in part because he promised both stronger economic growth and a reduction in the size and complexity of the federal government. Voters chose growth over redistribution, and the people said no to the regulatory state.

Voters also selected a Republican Congress. So, the pieces are in place to deliver on the promises of the campaign. A good place to start on the path to a stronger economy and fewer regulatory burdens is the financial sector. The U.S. financial sector accounts for over 20% of value added to GDP. It is the largest part of the economy. Finance dwarfs the second-largest sector, business and professional services, which accounts for about 13% of value added to the economy.