After almost a year, most of the significant features of the Dodd-Frank Wall Street Reform and Consumer Protection Act have not been implemented. In fact, progress on critical rulemaking and appointments has proceeded at a glacial pace, and several statutory deadlines have been missed.
Under the law, approved July 21 of last year, 20 different regulatory agencies were assigned the Herculean task of writing about 385 new rules, of which only 24 have been completed to date, and of conducting 87 studies to inform future legislation and rulemaking, of which 24 have been finished. In addition, many new regulatory appointees required under the act have not yet been confirmed, and, in some cases, have not even been nominated.
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