Washington, D.C. — Five years ago—in response to the worst financial crisis since the Great Depression—Congress passed a major financial reform bill known as the Dodd-Frank Wall Street Reform and Consumer Protection Act. On Wednesday, July 22, the Center for American Progress Action Fund will host Sen. Sherrod Brown (D-OH) and Rep. Maxine Waters (D-CA) for a conversation about the Dodd-Frank Act, its overall implications for financial market performance and financial stability, and the ongoing debate on whether more change is needed. A panel of experts will discuss how the law has worked and where to go from here.
Dodd-Frank made significant changes to the structure of financial regulation in the United States. It gave increased regulatory responsibility and power to the Federal Reserve Board, the Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission. It also created the Consumer Financial Protection Bureau to rein in abuse of households in financial markets, established the Financial Stability Oversight Council to provide macroprudential supervision of the entire U.S. financial system, and significantly overhauled the rules of the road for mortgage lending. The implementation of these mandates has produced substantial changes in the operation of our financial markets and to the activities of regulators.
Members of the media can RSVP to attend this event.
Bookmark this link to watch the live webcast.
WHO:
Distinguished guests:
Sen. Sherrod Brown (D-OH), Ranking Member, Senate Committee on Banking, Housing, and Urban Affairs
Rep. Maxine Waters (D-CA), Ranking Member, House Committee on Financial Services
Moderator:
Neera Tanden, President, Center for American Progress Action Fund
Featured panelists:
Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship, MIT
Jennifer Taub, Professor of Law, Vermont Law School
Mark Calabria , Director of Financial Regulation Studies, CATO Institute
Moderator:
Marc Jarsulic, Vice President of Economic Policy, Center for American Progress Action Fund
WHERE:
Center for American Progress,
1333 H Street NW, 10th Floor,
Washington, D.C., 20005
WHEN:
Wednesday, July 22, 2015, at 10:00 a.m.
For more information, contact Allison Preiss at [email protected] or 202.478.6331.
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