Dodd-Frank by the numbers
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Dodd-Frank Basics, Inside the Beltway
Saturday, July 26, 2014
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This past week marked the fourth anniversary of the Dodd-Frank Act, and Davis Polk & Wardwell LLP recently released a progress report on federal agency efforts to complete Dodd-Frank rulemakings.
Here’s some information from the firm’s snapshot look at how regulators have progressed as of July 18:
- The report estimates that Dodd-Frank included 398 total rulemaking requirements, 280 of which were linked to specified deadlines for final rules. All of those deadlines have passed.
- Of the estimated 398 total Dodd-Frank rulemaking requirements, 208 (52 percent) have been met with final rules. Rules have not yet been proposed for 96 (24 percent) of Dodd-Frank’s rulemaking requirements.
- Regulators missed 127 (45 percent) of the 280 passed Dodd-Frank rulemaking deadlines. Regulators have not yet released proposals for 42 of those 127 missed rules. Regulators met 153 deadlines (55 percent) with final rules.
The report also includes information on rulemaking progress by agency.
- Dodd-Frank requires banking regulators to complete an estimated 135 total rulemakings. So far, 70 of those rules have been completed.
- The Commodity Futures Trading Commission has finalized 50 of 60 total rules required under Dodd-Frank.
- The Securities and Exchange Commission has finalized 42 of 95 total required rulemakings.
- Other agencies have finalized 46 of 108 total rulemakings.
Davis Polk’s monthly Dodd-Frank progress reports are developed using information from the firm’s Regulatory Tracker.
View the report
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