CRS searches of the Dodd-Frank Act identified a total of 330 provisions that expressly indicated in the text that rulemaking is required or permitted. For a variety of reasons, however, the number of final rules that will be ultimately issued pursuant to the act is unknowable. First of all, 182 of the 330 rulemaking provisions (55.2%) appear to be discretionary in nature, stating that certain agencies “may” issue rules to implement particular provisions, or that the agencies shall issuesuch rules as they “determine are necessary and appropriate.” Therefore, the agencies may decide to promulgate rules regarding all, some, or none of these provisions.Originally created and posted on the Oregon Housing Blog.
Monday, November 22, 2010
CRS Report with Details on Dodd Frank Financial Reform Rulemaking Requirements and Authorities.
Report is HERE. From page 8:
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