Recent Dodd-Frank Act implementation milestones Since your last oversight hearing, the Federal Reserve, often in tandem with some or all of the other agencies represented at this hearing, has made progress on a number of important Dodd-Frank Act reforms.
Liquidity rules for large banking firms In October, the Federal Reserve and the other U.S. banking agencies issued a proposed rule, consistent with the enhanced prudential standards requirements in section 165 of the Dodd-Frank Act, which would implement the first broadly applicable quantitative liquidity requirement for U.S. banking firms.