The Dodd-Frank Wall Street Reform and Consumer Protection
Act is a sprawling piece of legislation. It is also very much a work in
progress, requiring hundreds of new rules to be written and dozens of studies.
The burden imposed on the SEC is considerable. There are 95 sections requiring
the Commission to write rules and 23 others directing the preparation of
Mary Schapiro recently outlined for the Senate Banking Committee the
schedule the SEC hopes to follow in meeting its obligations under the Act. Key
parts of that schedule include:
The Act also requires that the Commission establish five
new offices, including those mentioned above. The timetable for the additional
For more cutting edge commentary on
developing securities issues, visit SEC Actions, a
blog by Thomas Gorman.