Dodd-Frank & Thanksgiving
On July 21, 2010, President Obama signed into law the Dodd–Frank Wall Street Reform and Consumer Protection Act, a nearly 900-page piece of legislation that seeks to overhaul the financial regulatory system.
Dodd-Frank calls for wide-sweeping reforms, including the creation of a new agency, the Financial Stability Oversight Council (FSOC), and the abolition of the Office of Thrift Supervision.
In addition, it provides for extensive rulemaking in OTC derivatives and securities. Federal agencies, like the CFTC and SEC, are charged with implementing these new regulations through a process of investigation and rule promulgation.
Here are some places to visit for your own Dodd-Frank investigation.
CRS Report re: rulemaking (Nov. 3, 2010)
Law Firm Memos re: managing new regulations
BNA Securities Regulation & Law Report
Dodd-Frank Wall Street Reform and Consumer Protection Act: Law, Explanation and Analysis (2010)
Viral V. Acharya et al., Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (2011)
Further Research Guidance