What was the purpose of the Dodd-Frank Act?

The Dodd-Frank Act was a law passed in 2010 in response to the financial crisis of 2008 and established regulatory measures in the financial services industry. Dodd-Frank keeps consumers and the economy safe from risky behavior by insurance companies and banks.

What is Dodd Frank reporting?

The Dodd Frank Report studies the resolution of financial institutions as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Beginning in July 2015, the statute requires the AO to submit reports every five years.

What is Dodd Frank conflict minerals?

Pursuant to Section 1502 of the Dodd-Frank Act of 2010, the SEC issued its conflict minerals rule in 2012, requiring reporting companies to report on their use and sourcing of tin, tantalum, tungsten and gold (3TG). The conflict minerals reporting template (CMRT) is available to all at no cost.

Are conflict minerals still used?

These so-called ‘conflict minerals’ such as tin, tungsten, tantalum and gold, also referred to as 3TG, can be used in everyday products such as mobile phones and cars or in jewellery. It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas.

What is the title of the Dodd Frank Act?

SHORT TITLE; TABLE OF CONTENTS. (a) Short < > Title.–This Act may be cited as the “Dodd-Frank Wall Street Reform and Consumer Protection Act”. (b) Table of Contents.–The table of contents for this Act is as follows: Sec. 1. Short title; table of contents.

When was section 1504 of the Dodd Frank Act invalidated?

The Commission’s rule implementing Section 1504 was invalidated on February 14, 2017, by a joint resolution of disapproval enacted pursuant to the Congressional Review Act. The SEC has proposed rules for the following mandatory rulemaking provisions of the Dodd-Frank Act: [1] The Commission adopted rules with respect to section 1502 on 8/22/12.

What was the Dodd Frank Wall Street reform and Consumer Protection Act?

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) SHORTTITLE.—This Act may be cited as the ‘‘Dodd-Frank Wall Street Reform and Consumer Protection Act’’.

How did the Dodd Frank bill pass the Senate?

Array ( [actionDate] => 2010-05-20 [displayText] => Passed/agreed to in Senate: Passed Senate in lieu of S. 3217 with an amendment and an amendment to the Title by Yea-Nay Vote. 59 – 39. Record Vote Number: 162. (text: CR 5/25/2010 S4239-4394) [externalActionCode] => 17000 [description] => Passed Senate [chamberOfAction] => Senate )