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The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. [1] The law overhauled financial regulation in the aftermath of the Great Recession , and it made changes affecting all federal financial regulatory agencies and almost every ...
The Securities Exchange Act of 1934 is amended by section 1504 Dodd-Frank Act to require disclosure of payments relating to the acquisition of licenses for exploration, production, etc., where "payment" includes fees, production entitlements, bonuses, and other material benefits. [179]
Donald Trump has been harshly critical of Dodd-Frank, describing it as a "very negative force, which has developed a very bad name", [15] and consistently calling for either a full repeal or major changes to the act throughout his 2016 presidential campaign. [16] [17] This reflected the Republican Party's platform regarding the act. [18]
The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as Dodd-Frank, was passed in 2010 in the wake of the 2008 financial crisis. The Obama-era law aimed to prevent another ...
It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a senator from Illinois, after whom the amendment is named. [2] After the rule to limit fees, 12 C.F.R. §235, went into effect, a coalition of merchants sued the Federal Reserve.
8. He passed the Dodd-Frank Act, which holds Wall Street accountable in the event of another financial crisis. 9. Obama repealed 'Don't Ask, Don't Tell'. By reversing the law, LGBT members of the ...
Paul Volcker. The Volcker Rule is section 619 [1] of the Dodd–Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. § 1851).The rule was originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker in 2010 to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers. [2]
The Act was the most significant change to U.S. banking regulations since Dodd–Frank. [5] [7] [8] Barney Frank, leading co-sponsor of Dodd-Frank, said parts of the original law were a mistake and supported the legislation. [9] [10] [11] [12]