Democratic Staff Report

The report highlights the significant milestones achieved by regulators, while underscoring there is much more to do. It provides a comprehensive summary of the Republicans’ “aggressive, unrelenting campaign to repeal, weaken, or otherwise pressure regulators to significantly alter provisions in nearly all titles of the Act.” It points out that campaign has been further complimented by GOP efforts to underfund regulators such as the SEC and CFTC and subject their rulemakings to constant implementation hurdles and court challenges.  

In addition, the report takes a look back at why Dodd-Frank was needed, reminds us about the cost of the crisis, and explains the incredibly popular support strong Wall Street regulation still enjoys. It also details how the law and regulators have provided important relief small to financial institutions and small businesses. And the report talks about the widespread success of the Consumer Financial Protection Bureau (CFPB), the immensely popular and successful consumer watchdog that came out of Dodd-Frank. 

The report is available online here. 
Click here to read the executive summary. 
Click here to read the press release.