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Dodd–Frank Wall Street Reform and Consumer Protection Act; Long title: An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
The Dodd–Frank Wall Street Reform and Consumer Protection Act was created as a response to the financial crisis in 2007. Passed in 2010, the act contains a great number of provisions, taking over 848 pages. It targets the sectors of the financial system that were believed to be responsible for the financial crisis, including banks, mortgage ...
The Financial CHOICE Act, proposed by the House Financial Services Committee's Jeb Hensarling, to repeal the Dodd–Frank Wall Street Reform and Consumer Protection Act, passed the House on June 8, 2017. Also in June 2017, the Senate was crafting its own reform bill. [27] [28]
"At home, there were some who strongly opposed the Dodd-Frank Act, arguing that its regulation would hold back innovation and economic growth," Yellen said, referring to the 2010 financial reform law.
The Dodd-Frank financial-reform bill of 2010 was supposed to require all standardized swaps to appear on exchanges and run through clearinghouses. But Wall Street is still haggling over the exact ...
That's because the financial reform bill doesn't take the two key steps that would adjust the system to prevent another similar crisis: limiting Wall Street borrowing, and linking banker ...
Campaign finance laws in the United States have been a contentious political issue since the early days of the union. The most recent major federal law affecting campaign finance was the Bipartisan Campaign Reform Act (BCRA) of 2002, also known as " McCain - Feingold ". Key provisions of the law prohibited unregulated contributions (commonly ...
With the passage of the Dodd-Frank financial regulation reform bill by the Senate on Thursday, Congress has tried to resolve some of the most pressing problems left over from the financial crisis.