The U.S. Securities and Exchange Commission (SEC) will
be affected more than any other federal agency or regulator by the
Dodd-Frank Act. Under the new law, the SEC will be required
to undertake additional rulemakings, studies and reports;
therefore, the SEC will take the unusual step of seeking
preliminary public comments which will allow interested parties to
have an early voice in the Commission's rulemaking
process.
The Dodd-Frank Act, signed into law by President Obama last
week, affects the U.S. Securities and Exchange Commission (SEC)
more than perhaps any other federal agency. Under the
2,300 page law, the SEC is required to undertake approximately 95
rulemakings and issue approximately 17 studies and reports
– more than any other regulator. Though the
deadlines for the respective rulemakings, studies and reports vary,
most have to be completed within one year. This is a tall
order for both the SEC and the numerous interested parties that
will be
