The Demise of Dodd-Frank

Abstract

The Dodd-Frank Wall Street Reform and Consumer Protection Act became law on July 21, 2010. The 2000 plus page law is better known as simply Dodd-Frank. The law was enacted to provide at least a modicum of regulation to the financial industry following the recession of 2008 leading to what some called the worst economic downturn in the United States Economy since the Great Depression. On May 24, 2018 President Trump signed S. 2155, The Economic Growth, regulatory relief and Consumer Protection Act. Many believe this new law put an end to Dodd-Frank. Others believe the new law did nothing to repeal and replace Dodd-Frank. This paper explorers both sides of the debate and considers the question: Is Dodd Frank really done? Or are the reports of the demise of Dodd-Frank greatly exaggerated.