Dodd-Frank Financial Rulebook Behind Schedule

Tuesday, 18 Jan 2011 04:48 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The writers of rules underlying the Dodd-Frank financial regulations are having trouble meeting their deadlines, the Wall Street Journal reports. The timetable for new rules is turning fluid as a result, as rule-writers struggle to interpret the mammoth new law they are supposed to begin enforcing this summer.

The Securities and Exchange Commission has postponed several self-imposed rules deadlines as they continue to debate how to define certain categories of investors, and what kind of investor behavior constitutes a crime. Similar debates are occurring inside the Commodity Futures Trading Commission.

“And the political deadlock in Congress over spending has left the SEC and CFTC operating without budget increases that the agencies have said are essential to carrying out their growing responsibilities under the law,” the Journal reports.

But some Republicans who oppose Dodd-Frank say that freezing agency budgets at 2010 levels might help slow the drive to re-regulate banks. The biggest overhaul of U.S. financial regulation since the Great Depression will require federal agencies to publish more than 100 new rules or studies.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Young Cuban-American Groups Emerge as Obama Allies

Sunday, 21 Dec 2014 16:09 PM

For a handful of Cuban-Americans, President Barack Obama's new Cuba policy wasn't much of a shocker. . . .

Florida Police Officer Killed; Suspect Charged With Murder

Sunday, 21 Dec 2014 10:31 AM

A veteran Florida police officer was shot and killed while on duty early Sunday by a man described as transient, accordi . . .

Tom Brokaw Says His Cancer Is in Remission

Sunday, 21 Dec 2014 15:00 PM

Tom Brokaw shared some good news with his NBC colleagues on Sunday: His cancer is in remission. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved