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In the year-and-a-half since its passage, the Dodd-Frank Act is still a legislative work in progress, with more than three-quarters of its new rules not put into effect.

The Washington Post, citing an analysis conducted by the law firm Polk Davis, reports that as of Dec. 1, federal regulators responsible for rolling out the Dodd-Frank Act changes have issued 154 proposals, finalized 74 of them and missed 200 deadlines. The legislation, which covered 2,300 pages, requires 30 federal agencies to write or update approximately 400 rules governing the financial services industry.

The Polk Davis analysis notes that several aspects of the Dodd-Frank Act are being delayed due to judicial and political problems - most notably, the Securities and Exchange Commission’s decision to postpone implementation of executive compensation regulations until 2013 following a U.S. Court of Appeals ruling against the legislation’s proposed marketwide proxy and the failure to fully implement the Consumer Financial Protection Bureau’s regulatory authority due to a lack of a full-time bureau director.


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