Title I: Financial Stability
Title I creates the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) to address systemic risk in the financial system by identifying threats to the financial stability of the United States, promoting market discipline, and responding to emerging risks to the stability of the United States financial system.
Browse »
Title II: Orderly Liquidation Authority
Title II allows the Federal Deposit Insurance Corporation (FDIC) to place certain companies, considered to be in default, into receivership if the failure of that company would have serious adverse affects on the financial stability of the United States.
Browse »
Title III: Transfer of Powers to the Comptroller, the FDIC and the Fed
Title III, also known as the "Enhancing Financial Institution Safety and Soundness Act of 2010," is intended to streamline banking regulation and reduce competition and overlaps between different regulators by abolishing the Office of Thrift Supervision and transferring the rulemaking authority to the Office of the Comptroller of the Currency and the Federal Reserve.
Browse »
Title IV: Regulation of Advisers to Hedge Funds and Others
Title IV, also known as "Private Fund Investment Advisers Registration Act of 2010," calls for Securities and Exchange Commission (SEC) registration, reporting and record keeping obligations for investment advisors to "private funds" and limits the ability of these advisors to exclude information in reporting to the various Federal government agencies.
Browse »
Title V: Insurance
Title V, also called the "Federal Insurance Office Act of 2010," establishes within the Department of the Treasury the Federal Insurance Office which is tasked with monitoring all aspects of the insurance industry, monitoring the extent to which underserved communities have access to affordable insurance, making recommendations to the Financial Stability Oversight Council about insurers which may pose a risk, and to help any state regulators with national issues.
Browse »
Title VI: Improvements to Regulation
Title VI, also called the "Bank and Savings Association Holding Company and Depository Institution Regulatory Improvements Act of 2010," introduces the so called "Volcker Rule" after former Chairman of the Federal Reserve Paul Volcker by amending the Bank Holding Company Act of 1956. Title VI calls for reducing the amount of speculative investments on large firms' balance sheets.
Browse »
Title VII: Wall Street Transparency and Accountability
Title VII, also called the "Wall Street Transparency and Accountability Act of 2010," establishes a new regulatory framework for the over-the-counter derivatives markets, including prohibiting the Federal Reserve or the FDIC from providing federal assistance to insured depository institutions involved in the swaps markets, imposing new capital and margin requirements and reporting obligations on OTC swap dealers, and requiring swap dealers to register with the SEC or the CFTC.
Browse »
Title VIII: Payment, Clearing and Settlement Supervision
Title VIII, called the "Payment, Clearing, and Settlement Supervision Act of 2010," aims to mitigate systemic risk within the financial system by requiring the Federal Reserve to create uniform standards for the management of risks by systemically important financial organizations and institutions by providing the Fed with an enhanced role in the supervision of risk management standards for financial market utilities; strengthening the liquidity of financial market utilities; and providing the Board of Governors an enhanced role in the supervision of risk management standards for systemically important payment, clearing, and settlement activities by financial institutions.
Browse »
Title IX: Investor Protections and Improvements to the Regulation of Securities
Title IX, also known as the "Investor Protections and Improvements to the Regulation of Securities," revises the powers and structure of the Securities and Exchange Commission, credit rating organizations, and the relationships between customers and broker-dealers or investment advisers. This title also includes new regulations with regard to proxy disclosure, executive compensation and corporate governance.
Browse »
Title X: Bureau of Consumer Financial Protection
Title X establishes the Bureau of Consumer Financial Protection within the Federal Reserve. The new bureau regulates consumer financial products and services in compliance with several federal consumer protection laws. The CFPB will have the authority to promulgate rules, including rules supervising market participants and mandating certain disclosures to consumers.
Browse »
Title XI: Federal Reserve System Provisions
Title XI provides for additional rulemaking powers to the Federal Reserve to establish procedures governing emergency lending. It also grants rulemaking authority to the FDIC with regard to the issuance of guarantees and obligations of solvent insure depository institutions or solvent depository institution holding companies during times of severe economic distress.
Browse »
Title XII: Improving Access to Mainstream Financial Institutions
Title XII, also known as the "Improving Access to Mainstream Financial Institutions Act of 2010," was created to provide access to mainstream financial institutions for Americans by requiring the Treasury to implement grant programs that will focus on low-cost alternatives.
Browse »
Title XIII: Pay It Back Act
Title XIII amends the Emergency Economic Stabilization Act of 2008 to limit the Troubled Asset Relief Program, by reducing the funds available by $225 billion (from $700 billion to $475 billion) and further mandating that unused funds can not be used for any new programs.
Browse »
Title XIV: Mortgage Reform and Anti-Predatory Lending Act
Title XIV, also known as the "Mortgage Reform and Anti-Predatory Lending Act," calls for setting standards for mortgage origination; outlawing unfair, deceptive and predatory practices; and imposing new restrictions on high cost loans. Title XIV also contains new regulations around appraisal practices and the use of automated valuation models (AVM).
Browse »
Title XV: Miscellaneous Provisions
Title XV covers various provisions including restriction on U.S. approval of loans issued by the International Monetary Fund; reporting on payments by oil, gas and minerals in acquisition of licenses; a study on effectiveness of Inspectors General; and a study on core deposits and brokered deposits.
Browse »
Title XVI: Section 1256 Contracts
Title XVI excludes some kinds of swaps and securities futures contracts from the preferential tax treatment of section 1256 of the Internal Revenue Code (IRC).
Browse »