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FEDERALhearing transcript

Congressional Hearing: Assessing the Dodd-Frank Act Five Years Later

Original title: THE DODD-FRANK ACT FIVE YEARS LATER: ARE WE MORE FREE?

January 1, 2016

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The Frame

What this does

This served as a formal legislative review of the , which established the current regulatory framework for the U.S. financial system, impacting how banks operate and how consumers interact with financial products.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Financial institutions

These entities are subject to the regulatory requirements and oversight established by the Dodd-Frank Act.

Consumers

Consumers are impacted by the financial protections and market regulations mandated by the Dodd-Frank Act.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

The House Committee on Financial Services held a on September 17, 2015, to evaluate the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act five years after its enactment. The session featured testimony from legal and academic experts regarding the law's effect on economic freedom and stability.

Key Facts

  • The hearing took place on September 17, 2015, in the Rayburn House Office Building.
  • This was the third of three hearings conducted by the committee to mark the fifth anniversary of the Dodd-Frank Act.
  • Five expert witnesses provided testimony: C. Boyden Gray, Deepak Gupta, David A. Skeel Jr., Matthew Spalding, and Todd J. Zywicki.
  • The hearing record includes prepared statements from all five witnesses and written responses to follow-up questions from Representatives Hultgren and Murphy.
  • The committee formally recognized the 228th anniversary of the signing of the U.S. Constitution during the proceedings.

Frequently Asked Questions

What was the purpose of this hearing?
The committee met to review the consequences and impact of the five years after it became law.
Who testified at the hearing?
The witnesses included C. Boyden Gray, Deepak Gupta, David A. Skeel Jr., Matthew Spalding, and Todd J. Zywicki.

Why It Matters

This served as a formal legislative review of the , which established the current regulatory framework for the U.S. financial system, impacting how banks operate and how consumers interact with financial products.

News Coverage

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Sponsors

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Five-Year Review Cycle

The committee utilized the five-year anniversary of a major law to conduct a series of three hearings to evaluate its long-term economic impact.

Connected Entities

personMatthew SpaldingWitness and Dean at Hillsdale CollegeMap →
organizationHouse Committee on Financial ServicesThe committee conducting the hearingMap →
personJeb HensarlingChairman of the House Committee on Financial ServicesMap →
personC. Boyden GrayWitness and Founding Partner of Boyden Gray & AssociatesMap →
personDavid A. Skeel Jr.Witness and Professor at University of Pennsylvania Law SchoolMap →
personDeepak GuptaWitness and Founding Principal of Gupta Wessler PLLCMap →
personMaxine WatersRanking Member of the House Committee on Financial ServicesMap →
personTodd J. ZywickiWitness and Professor at George Mason University School of LawMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy50
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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