It’s time to consider the possibility that Donald Trump will be reelected to a second term in the White House. In many respects, such a scenario sounds implausible: only one other president (Grover Cleveland) left the White House and successfully returned for a second term four years later – not to mention the four indictments, 91 felony charges, and countless other investigations and controversies circling the former president.

In this report, we analyze how we expect US regulatory policy would evolve under a second Trump term across four sectors: energy & industrials, financial services, healthcare, and technology.