"Let me make it absolutely clear: President Trump is absolutely committed to make sure that taxpayers are not at risk for government bailouts of entities that are too big to fail", he said.
President Trump signed the memos at the US Treasury Department, but his administration has not released the overall strategy he envisions.
One will direct Mnuchin to review something called "orderly liquidation authority", Treasury said, which is a regulatory process that requires a process for winding down large, failing financial companies. The second "called on federal regulators to identify which financial institutions were large enough to merit enhanced regulation, as their collapse could destabilize the economy as a whole", according to the Post.
The Treasury Department is already conducting a review of existing financial regulations, however, and it's unclear how this new memorandum would direct the agency to do anything differently from what it is already considering.
Trump also signed another memorandum to review the process for the Financial Stability Oversight Council to designate non-bank financial institutions like insurance companies as "systemically important" to the financial system, the article stated.
"The goal of the orders is to make clear what the administration's and the president's priorities are, and signal the importance of these issues to the American people", Mnuchin said.
Nastase's tirade forces suspension of Romania Fed Cup match
She was filming the Romania coach and when he saw her, had to be restrained by the security staff before being led away. You don't do this, you stay and play. "We are in Romania, everyone was so nice, we treated you guys so nice".
Trump decried such tactics on the 2016 campaign trail, saying companies that employed inversions "have no loyalty to this country".
A spike in the number of companies using this tax loophole - particularly pharmaceutical firms - outraged USA lawmakers from both parties and prompted the Treasury Department to act.
The first executive order Trump signed enables Treasury Secretary Steven Mnuchin to begin the process of "tax simplification".
And a risky one, at that.
Then on Friday, he promised a "big announcement on Wednesday having to do with tax reform", without giving more details on what he would reveal.
In an interview with The Associated Press, Trump says the plan will result in tax cuts for both individuals and businesses.
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