The Financial Regulatory Reform Initiative will be independent, objective and fact-based. It will review the Dodd-Frank Act and, as appropriate, propose credible and politically achievable refinements to the Act that ensure that financial firms operate in a clear and logical regulatory framework that fairly addresses consumer and taxpayer protection, and that promotes open and competitive financial markets. The overarching objective is to promote policies that balance financial stability, economic growth, and consumer protection.
Given the impact of the Dodd-Frank Act on the broad economy, and especially on the financial services and investment industry, we anticipate continuing interest in financial regulation from Congress and other policymakers over the next two years, regardless of the outcome of the elections or the completion of regulations mandated by the Dodd-Frank Act. This initiative will recommend changes to the Dodd-Frank Act, but we do not intend to revisit regulatory policies that have been widely accepted and put into practice. The focus will be on ways to improve existing regulatory practices through both legislative and non-legislative mechanisms to achieve better outcomes for end-users of financial services and the economy.
Read more about the initiative working areas and their membership