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House Committee Plans Dodd-Frank Hearing This Week

With the Dodd-Frank Act (“the Act”) celebrating its fourth anniversary recently, the House Committee on Financial Services has scheduled a hearing on the reform’s effects. Planned for Wednesday in Washington, D.C., “Assessing the Impact of the Dodd-Frank Act Four Years Later” will cover the Act’s beginnings, how it has encouraged financial stability, and future objectives related to the reform.

Speaking on the anniversary and upcoming hearing, U.S. Securities and Exchange Commission (“SEC”) Chair Mary Jo White stated that the SEC has progressed significantly to execute the Act’s requirements. However, White also noted the SEC’s work is far from done and additional key provisions must be implemented. Meanwhile, the House Committee has yet to announce the hearing’s agenda or list of witnesses, but is expected to post additional details on its website.

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