TABLE C: EFFECTIVE DATES OF PRINCIPAL DODD-FRANK PROVISIONS
The following table provides the effective dates of the principal provisions of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (“Dodd-Frank”). For convenience, we have included crossreferences to the discussions of the relevant provisions in the S&C Memorandum.
Pursuant to Section 4 of Dodd-Frank, the provisions of Dodd-Frank are effective one day after its
enactment, except as specifically provided otherwise in the statute.
For summaries of the principal
rulemakings contemplated by Dodd-Frank, including the dates by which those rules are required to be
promulgated, see Tables A and B. The following generally does not include the effective date of DoddFrank provisions that require rulemaking to be implemented, except where noted.
TITLE I — FINANCIAL STABILITY
Dodd-Frank
Section
Description of Section
Effective Date
111
Establishment of the Council
July 21, 2010
22
113
Council authorized to make determinations that nonbank
financial companies should be subject to FRB supervision
July 22, 2010
26
114
Registration requirements for Covered Nonbank Companies
July 22, 2010
30
115
Large, interconnected BHCs subject to enhanced prudential,
supervisory and other requirements
July 22, 2010
30, 3334
117
Former BHCs with $50 billion or more in assets that received
TARP funds treated as Covered Nonbank Companies
July 22, 2010
30
120
Council authorized to recommend additional standards
applicable to activities or practices for financial stability
purposes
July 22, 2010
40-41
121
FRB authorized, with consent of Council, to impose mitigatory
requirements on Covered Nonbank Companies and BHC with
$50 billion or more in assets that pose a grave threat to U.S.
financial stability
July 22, 2010
40
151-156
Establishment of OFR
July 22, 2010
25
161
Authority for FRB to require reports and examine Covered
Nonbank Companies
July 22, 2010
31
162
Covered Nonbank Companies subject to enforcement
provisions in the FDI Act
July 22, 2010
31
163
Acquisitions of banks and BHCs by Covered Nonbank
Companies and prior notice requirements for large acquisitions
by Covered Nonbank Companies and Covered BHCs
July 22, 2010
31-32
164
Prohibition on management interlocks for Covered Nonbank
Companies
July 22, 2010
32
165(e)
Establishment of concentration limits
July 21, 2013
36-37
165(g)
Covered BHCs and Covered Nonbank Companies must
include off-balance sheet exposures in computing capital
requirements
July 22, 2010
37
C-1
See
Page
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
171(b)
New debt and equity instruments issued by certain DIHCs and
Covered Nonbank Companies subject to new capital
requirements
May 19, 2010
42
171(b)
Phase-in period for debt and equity instruments issued by
certain DIHCs and Covered Nonbank Companies before May
19, 2010
January 1, 2013
43
171(b)
DIHCs not previously supervised by FRB subject to new capital
requirements, except with respect to newly issued debt and
equity instruments
July 21, 2015
43
171(b)
Subsidiaries of non-U.S. banking organizations that currently
meet capital requirements based on home country standards
subject to new capital requirements
July 21, 2015
43
172
FDIC back-up examination and enforcement authority for
Covered BHCs and Covered Nonbank Companies that are not
in sound condition
July 22, 2010
45
TITLE II — ORDERLY LIQUIDATION AUTHORITY
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
201-212
Establishment of OLA
July 22, 2010
49-56
See
Page
TITLE III — TRANSFER OF POWERS TO OCC, FDIC AND FRB
Dodd-Frank
Section
Description of Section
Effective Date
312
Transfer of OTS responsibilities to OCC, FDIC and FRB
Transfer Date
57
313
OTS to be abolished
90 days after
Transfer Date
57-58
316(c)
FRB, FDIC and OCC must each publish list of regulations
transferred to it from OTS that the agency will enforce
Transfer Date
58
318
FRB must assess fees to cover expenses in supervising BHCs
and SLHCs with assets of $50 billion or more and Covered
Nonbank Companies
Transfer Date
59
331
FDIC must amend assessment base for federal deposit
insurance to use average total assets less tangible equity
July 22, 2010
59
332
Repeal of provisions regarding Required Dividends from the
Deposit Insurance Fund
July 22, 2010
59
333
Repeal of requirement that FDIC obtain consent of the
appropriate federal banking agency before requiring a report
from a depository institution
July 22, 2010
60
334(a)
Increase in the ceiling for the Deposit Insurance Fund from
1.15% to 1.35% and requirement that it be met by September
30, 2020, with offset for depository institutions with assets of
less than $10 billion; and elimination of the ceiling on the Fund
July 22, 2010
60
334(b)
Requirement for FDIC to make public the Deposit Insurance
Fund’s reserve ratio and designated reserve ratio
July 22, 2010
60
335
Permanently increase maximum for federal deposit insurance
to $250,000 retroactive to January 2008
July 22, 2010
60
C-2
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
336
Management of the FDIC
Transfer Date
61
341
Savings associations converting to national banks may retain
branches and establish additional branches in any State in
which it was located before conversion as permitted for a state
bank in that State
July 22, 2010
61
342
Establishment of Office of Minority and Women Inclusion
6 months after
Transfer Date
61-62
343
Provision of full federal deposit insurance for non-interest
bearing demand accounts at insured depository institutions
until January 1, 2013
December 31, 2010
60
343
Provision of full federal deposit insurance for non-interest
bearing demand accounts at insured credit unions until January
1, 2013
July 21, 2010
60
TITLE IV — PRIVATE FUND INVESTMENT ADVISERS REGISTRATION ACT OF 2010
Dodd-Frank
Section
Description of Section
Effective Date
401-419
All Sections
July 21, 2011; but
(1) voluntary
registration prior to
effectiveness
permitted and (2)
certain rulemaking
and reporting
requirements
appear to be
effective upon
enactment
See
Page
117-127
TITLE V — INSURANCE
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
501-502
Establishment of Federal Insurance Office
July 22, 2010
157-162
511-522; 524542
Reform of regulation of the nonadmitted property/casualty
insurance market and the reinsurance markets
July 21, 2011
162-164
523
Prohibition on states collecting any fees relating to the licensing
of a surplus lines broker in the state, unless the state has laws
or regulations providing for the participation by the state in the
national insurance database of the NAIC
July 21, 2012
163
TITLE VI — REGULATION OF BHCS, SLHCS AND DEPOSITORY INSTITUTIONS
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
603
3-year moratorium on grant of federal deposit insurance for
certain depository institutions excluded from definition of “bank”
under BHC Act and approval of Change In Bank Control
notices for such institutions
July 22, 2010
62
603
GAO study of exemptions from “bank” definition in BHC Act
Not later than
January 21, 2012
63
C-3
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
604
Removal of restrictions in BHC Act on FRB examination,
enforcement and rulemaking authority over functionally
regulated subsidiaries of BHCs and grant to FRB of similar
authority for SLHCs
Transfer Date
63
604(d), (f)
A financial stability standard added to Bank Merger Act and
BHC Act
Transfer Date
68
604(e)
Prior FRB approval under BHC Act required for acquisitions of
nonbank companies by financial holding companies with
consolidated assets over $10 billion
Transfer Date
67
604(i)
Exclusion from SLHC status of companies that own a limited
purpose trust company and grandfathered SLHCs ordered by
FRB to establish an intermediate holding company
Transfer Date
83
605
FRB required to examine nonbank subsidiaries of BHCs and
SLHCs engaged in activities permissible for depository
institution subsidiaries and grant of back-up examination and
enforcement authority to OCC and FDIC
Transfer Date
65-66
606(a)
Financial holding companies must be well-capitalized and wellmanaged to maintain status
Transfer Date
67
606(b)
SLHCs (except grandfathered SLHCs) must meet wellcapitalized, well-managed and other standards to engage in
financial activities only permitted for financial holding
companies
Transfer Date
67-68
607
Well-capitalized and well-managed standard required for
interstate acquisitions of and mergers with banks under BHC
Act and Bank Merger Act
Transfer Date
67
608 - 609
Amendments to Section 23A of the Federal Reserve Act,
including coverage of credit exposure on derivative
transactions and securities lending and borrowing transactions
1 year after
Transfer Date
70-72
610
Credit exposure on derivatives and other transactions covered
under national bank lending limit
1 year after
Transfer Date
73
611
Requires credit exposure on derivatives to be regulated in state
banks lending limits
18 months after
Transfer Date
73
612
Charter conversions of insured depository institutions
prohibited if subject to an enforcement order or memorandum
of understanding with respect to a significant supervisory
matter unless certain requirements are met
July 22, 2010
69-70
613
De novo branching for national and state banks into other
states permitted if a state bank chartered in that state could
establish a branch at proposed location
July 22, 2010
84
614
Amendments to insider lending restriction of Section 22(h) of
the Federal Reserve Act, covering credit exposure on
derivative transactions, repurchase and reverse repurchase
agreements, and securities lending and borrowing transactions
1 year after
Transfer Date
72
615
FDI Act amended to require that purchases of assets by a bank
from, and sales by a bank to, an insider must be on market
terms
Transfer Date
72
616
FRB authorized to issue rules to establish capital requirements
for BHCs and SLHCs
Transfer Date
65
C-4
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
616
FRB authorized to require BHCs or SLHCs to serve as a
source of strength to subsidiary insured depository institutions
and OCC and FDIC authorized to require other holding
companies of insured depository institutions to do so
Transfer Date
65
616(c)
FRB, OCC and FDIC must seek to make capital requirements
for depository institutions countercyclical
Transfer Date
65
617
Investment bank holding company framework under Exchange
Act repealed
Transfer Date
73
618
Securities holding companies that are required by a non-U.S.
regulator or statute to be subject to comprehensive
consolidated supervision may register with the FRB
July 22, 2010
73-74
619
Volcker Rule prohibitions on proprietary trading and
sponsorship and investment in hedge and private equity funds
Earlier of 12
months after
adoption of final
agency rules and
July 21, 2012
74-75
619(b)
Council study of Volcker Rule and recommendations on
modifications to Rule and its implementation
January 21, 2011
78-79
619(b)
FRB, OCC, FDIC, SEC and CFTC rules required to implement
Volcker Rule
9 months after
completion of
Council study of
Volcker Rule
619(c)
Divestiture required for investments and activities prohibited by
the Volcker Rule
2 years after
effectiveness of
Rule with possibility
of 3 one-year
1
extensions
79-80
620
Study of bank activities, the risk of such activities, and riskmitigation activities
January 21, 2012
81
621
Amendment to Securities Act of 1933 relating to conflicts of
interest in certain securitizations
Issuance by SEC of
final rules which are
required by April
17, 2011
139
622
Limit on expansion by large financial firms, including Covered
Nonbank Companies designated under Title I
July 22, 2010,
subject to Council
study (by January
21, 2011) and FRB
rulemaking (April
2
21, 2011)
68-69
623
Limits on interstate bank mergers and interstate acquisitions of
savings associations and certain other insured depository
institutions by BHCs and SLHCs
July 22, 2010
69
624
Amendments to SLHC Act with respect to qualified thrift lender
requirements
July 22, 2010
83
79
1
There are special rules for investments in illiquid funds beyond this two-year period.
2
It is unclear whether Section 620 would be effective prior to the adoption of the FRB’s rule pursuant to this
provision.
C-5
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
625
Amendment to SLHC Act regarding dividends by certain mutual
holding companies
Transfer Date
83-84
626
FRB authorized to require SLHCs to establish intermediate
holding companies
Unclear- Likely
Transfer Date
82
627
Repeal of federal prohibitions on payment of interest on
demand deposits
July 21, 2011
84
628
Amendment to BHC Act to permit exempt credit card banks to
extend credit card loans to small businesses
July 22, 2010
84
TITLE VII — DERIVATIVES
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
712
Review of regulatory authority of CFTC and SEC under
Subtitle A of Title VII
July 16, 2011
___
714
CFTC and SEC authorized to collect information and issue
reports regarding swaps
July 16, 2011
109
715
CFTC and SEC authorized to prohibit non-U.S. entities from
participating in U.S. swap market
July 16, 2011
108
716
Prohibition against federal assistance to any swaps entity
July 21, 2012
98-99
717
Amends Commodity Exchange Act and Securities Exchange
Act to create joint process to approve new products
July 16, 2011
___
718
CFTC and SEC authorized to determine status of novel
derivative products
July 16, 2011
___
718(b)
Judicial resolution of CFTC and SEC conflict over status of
novel derivative products
July 16, 2011
___
721
Treasury Secretary granted authority to exempt foreign
exchange swaps and forwards
July 16, 2011
94
721
Amends Commodity Exchange Act to include certain new
definitions
July 16, 2011
___
721
Motion picture box office receipts are not considered futures
June 1, 2010
___
722
Clarification of regulatory authority of the SEC, CFTC and
FERC under Dodd-Frank
July 16, 2011
112
723
Prohibition against entering into or execution of agricultural
swaps unless CFTC permits such swaps pursuant to Section
4(c) of the Commodity Exchange Act
July 16, 2011
___
724
Segregation requirements for cleared and uncleared swaps
July 16, 2011
108
725
Registration requirements for derivatives clearing
organizations, including core principles and reporting
requirements
July 16, 2011
99
728
Registration requirement for swap data repositories, including
reporting requirements
July 16, 2011
___
729
Existing swaps reported to swap data repository, not later than
30 days after issuance of an interim final rule or within 90 days
of final rule
July 16, 2011
102
730
Large swap trader reporting requirements
July 16, 2011
101
C-6
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
733
Registration requirements for swap execution facilities,
including core principles, imposition of position limits and
reporting requirements
July 16, 2011
___
735
Core principles for designated contract markets, including
imposition of position limits
July 16, 2011
106-107
738(a)
CFTC granted authority over non-U.S. boards of trade
July 16, 2011
108
739
Legal certainty for swap transactions
July 16, 2011
___
742
CFTC authority over retail commodity transactions, including
retail foreign exchange transactions
July 16, 2011
___
745
Enhanced compliance for registered entities
July 16, 2011
___
746
Commodity Exchange Act prohibition against governmental
insider trading
July 16, 2011
___
752
CFTC, SEC and prudential regulators shall consult and share
information, as appropriate, with international regulators
July 16, 2011
___
753
Amends Commodity Exchange Act manipulation standard and
prohibits market manipulation of swap transactions
Date of
effectiveness of the
CFTC’s final rule
pursuant to Title VII
of Dodd-Frank
109
761
Amends Exchange Act to include new definitions
July 16, 2011
___
762
Amends Section 2A of the Securities Act and Section 3A of the
Exchange Act to remove references to repealed Sections 206B
and 206C of the Gramm-Leach-Bliley Act (prohibition of
regulation of security-based swap agreements)
July 16, 2011
___
763(b)
Registration requirement for clearing agencies
July 16, 2011
99-100
763(c)
Registration requirement for security-based swap execution
facilities
July 16, 2011
100
763(d)
Segregation of assets held as collateral in security-based swap
transactions
July 16, 2011
107-108
763(h)
Position limits for security-based swaps and large trader
reporting
July 16, 2011
___
763(i)
Registration requirements for swap data repositories
July 16, 2011
___
764(a)
Registration of security-based swap dealers and major security
based swap participants
July 16, 2011
96-97
765
SEC rulemaking on conflicts of interest in the security-based
swap market
January 17, 2011
___
766(a)
Recordkeeping for certain security-based swaps
July 16, 2011
102
766(a)
Reporting for certain security-based swaps
October 19, 2010
767
Preemption of state gaming authority and bucket shop laws
July 16, 2011
111
768
Amends Securities Act to include security-based swaps and
require registration of security-based swaps
July 16, 2011
94-95
773
Amendment to the civil penalty provisions of the Exchange Act
July 16, 2011
___
C-7
101-102
TITLE VIII — PAYMENT, CLEARING AND SETTLEMENT SUPERVISION
Dodd-Frank
Section
801-814
Description of Section
Effective Date
Provides for the designation and supervision of payment,
clearing and settlement activities
July 21, 2010
See
Page
46
TITLE IX — INVESTOR PROTECTIONS AND IMPROVEMENTS TO REGULATION OF SECURITIES
Dodd-Frank
Section
Description of Section
Effective Date
911
Establishment of IAC within the SEC
July 22, 2010
173
915
Establishment of the Office of the Investor Advocate within the
SEC
July 22, 2010
174
916
Accelerating time allowed for SEC evaluation of proposed SRO
rule changes
July 22, 2010
114
922-923
Incentives and protection to whistleblowers
July 22, 2010
174-175
925
SEC’s collateral bar authority with regard to individuals who
violate the Exchange Act or the Advisers Act extended to the
full range of registered securities entities
July 22, 2010
177
927
Voiding any contractual provisions requiring a person to waive
compliance with SRO rules (rather than rules of an exchange)
July 22, 2010
114
928
Clarifying that the restrictions of Section 205 of the Advisers
Act do not apply to state-registered investment advisers
July 22, 2010
126
929
Amendment of Section 7(c)(1)(A) of the Exchange Act
regarding margin lending prohibitions
July 22, 2010
___
929A
Employees of subsidiaries and affiliates of public companies
included in existing whistleblower protections of the SarbanesOxley Act
July 22, 2010
175
929B
Civil money penalties for securities laws violations may be
used to benefit victims even without obtaining disgorgement
from the defendant
July 22, 2010
___
929C
Increasing SIPC borrowing limits from the Treasury Department
July 22, 2010
179
932-935
Establishment of the Office of Credit Ratings to oversee
NRSROs; reforms of NRSRO corporate governance, liability
and disclosure
July 22, 2010
140-145
939
The FDI Act, the Investment Company Act of 1940, the
Exchange Act and other U.S. statutes revised to remove
references to credit ratings
July 21, 2012
146-147
942
Certain new ABS disclosure and reporting obligations
July 22, 2010
138
944
Elimination of existing exemption from registration for some
mortgage-backed securities
July 22, 2010
139
951
Any proxy, consent or authorization for meetings occurring
after January 21, 2011, must provide for non-binding
shareholder votes to approve executive compensation,
establish frequency of “say-on-pay” votes and approve golden
parachutes
For meetings
occurring after
January 21, 2011
128-129
952
Disclosure requirements regarding compensation committee
use of compensation consultants
For meetings
occurring on or
after July 21, 2011
129-131
C-8
See
Page
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
957
Provisions regarding new broker voting rules of any exchange
to be registered as a “national securities exchange” with the
SEC
July 22, 2010
134
965
SEC’s Division of Trading and Markets and Division of
Investment Management to maintain a separate staff of
examiners
July 22, 2010
153
966
SEC inspector general required to establish a system for
confidential submission of suggestions to improve the
efficiency of, or allegations of inefficiency in, the SEC; inspector
general required to submit annual report to Congress regarding
the suggestions and allegations received
July 22, 2010
153
971
Expansion of SEC rulemaking authority with respect to proxy
access
July 22, 2010
133-134
975
“Municipal advisors” required to register under Section 15B of
the Exchange Act and subject to liability for fraudulent,
deceptive or manipulative acts or practices; changes to the
composition, authority and obligations of the MSRB
October 1, 2010
148-149
979
Establishment of the Office of Municipal Securities within the
SEC
July 22, 2010
150
981
PCAOB authorized to share information relating to a public
accounting firm with any non-U.S. auditor oversight authority
under certain circumstances
July 22, 2010
151
982
PCAOB authorized to establish rules, subject to SEC approval,
for inspection and examination of auditors of brokers and
dealers; auditors of brokers and dealers subject to PCAOB
inspection required to register with the PCAOB; brokers or
dealers required to pay annual accounting support fees to the
PCAOB; PCAOB authorized to refer investigations to an SRO
with jurisdiction over the relevant broker or dealer
July 22, 2010
151
983
Securities Investor Protection Act protections extended to
cover both securities and futures contracts in a single “portfolio
margining account”
July 22, 2010
___
984
Prohibition on participating in transactions involving the lending
or borrowing of securities in contravention of SEC rules
July 22, 2010
114
987
Threshold for “material loss” under the FDI Act increased;
process established for review of losses below the “material
loss” threshold
July 22, 2010
60-61
988
New procedures established for reporting material and nonmaterial losses by the Share Insurance Fund of the NCUA
July 22, 2010
91
989A
Bureau’s Office of Financial Literacy required to establish a
grant program for states related to protection of senior
investors
July 22, 2010;
appropriations for
fiscal years 20112015 authorized
188
989B, C, D, E
Reforms of the Inspector General Act of 1978; creation of the
Council of Inspectors General on Financial Oversight
July 22, 2010
155
989G
Amends Sarbanes-Oxley Section 404 to exempt nonaccelerated filers and smaller reporting companies from
Section 404(b)
July 22, 2010
156
C-9
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
991
SEC Reserve Fund and related provisions
October 1, 2011
155
991
SEC “match funding” authority
Later of October 1,
2011 or the date of
enactment of an
Act making a
regular
appropriation to the
SEC for fiscal year
2012
___
991
Amendments to SEC registration fee provisions
October 1, 2011,
except that for
fiscal year 2012,
the SEC must
publish a rate
established under
Exchange Act
Section 6(b), on
August 31, 2011
155
991
Authorization of appropriations for fiscal years 2011 to 2015
July 22, 2010
155
991
Budget transmittal amendments
July 22, 2010 (but
by its terms, the
provision first
applies to the fiscal
year 2012 budget)
155
TITLE X — BUREAU OF CONSUMER FINANCIAL PROTECTION
Dodd-Frank
Section
Description of Section
Effective Date
1011-1018
Establishment of Bureau of Consumer Financial Protection
July 21, 2010
166
1021-1029
Enumeration of the powers of the Bureau of Consumer
Financial Protection
Designated
Transfer Date
166-171
1031-1037
Sets forth certain specific authorities of the Bureau of
Consumer Financial Protection
Designated
Transfer Date
166-170
1041-1048
Concerning the effect of Title X on state law, the enforcement
powers of states, and preemption of state consumer financial
protection laws by federal law
Designated
Transfer Date
170-171
1051-1058
Establishment of the enforcement powers of the Bureau of
Consumer Financial Protection
Designated
Transfer Date
167-168
1061
Transfer of functions from other agencies to the Bureau of
Consumer Financial Protection
Designated
Transfer Date
166
1064
Transfer of personnel from other agencies to the Bureau of
Consumer Financial Protection
Transfers to occur
not later than 90
days after
Designated
Transfer Date
___
1073
Amendment to the Equal Credit Opportunity Act requiring
collection of certain small business loan data under that Act
Designated
Transfer Date
___
1075(a)
Restrictions on electronic debit transaction interchange fees
July 21, 2011
171
1081
Conforming amendments to the Inspector General Act of 1978
July 22, 2010
___
C-10
See
Page
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
1082
Conforming amendments to the Privacy Act of 1974
July 22, 2010
___
1083-1100G
Conforming amendments to other statutes affected by creation
of the Bureau including the Equal Credit Opportunity Act, Fair
Credit Reporting Act, Fair and Accurate Credit Transactions
Act, Home Mortgage Disclosure Act, TILA and others
Designated
Transfer Date
166
TITLE XI — FEDERAL RESERVE SYSTEM PROVISIONS
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
1101
FRB’s emergency lending authority under Section 13(3) of the
Federal Reserve Act limited to credit programs and facilities
with broad-based eligibility and subject to certain other
requirements
July 22, 2010
84
1102
GAO authorized to audit emergency credit facilities authorized
by FRB under Section 13(3) and discount window advances
and open market transactions effected after July 21, 2010
July 22, 2010
85-86
1103(a)
FRB required to place on its website, within 6 months of public
release, specified information, including public information
regarding GAO audits and audited financial statements of FRB
and Federal Reserve banks
July 22, 2010
87
1103(b)
FRB must make public within certain timeframes detailed
information, including identifying details, concerning discount
window advances and open-market transactions engaged in
after July 21, 2010, and emergency credit facilities established
under Section 13(3) after July 21, 2010
July 22, 2010
87-88
1104, 1105
FDIC granted emergency financial stabilization authority, with
FRB, Treasury approval and Congressional authorization, to
provide a widely-available program to guarantee obligations of
solvent depository institutions and their holding companies and
subsidiaries of such entities
July 22, 2010
88-89
1106
Elimination of FDIC’s current authority to provide systemic risk
assistance to solvent insured depository institutions and their
solvent holding companies under a widely available program
and to provide open bank assistance
July 22, 2010
89-90
1107
Class A directors of Federal Reserve banks may not vote for
Reserve Bank Presidents
July 22, 2010
90
1108
Creation of a second vice chairman of the FRB for supervision
July 21, 2010
90
1108
FRB governance matters
July 22, 2010
90
1109
GAO audit of all credit facilities and programs established
during the financial crisis under Section 13(3) of the FR Act and
the Term Auction Facility and GAO Audit of Federal Reserve
System governance
July 22, 2010
86-87
1109(e)
Publication of detailed information, including the identity of the
persons provided assistance, concerning audit extended under
the above facilities and programs
December 1, 2010
87
1100G
Small business fairness and regulatory transparency
Designated
Transfer Date
___
C-11
TITLE XII — IMPROVING ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS ACT OF 2010
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
1204
Treasury Secretary authorized to establish a program designed
to expand access to financial institutions for low- and
moderate-income individuals
July 22, 2010
187
1205
Treasury Secretary authorized to establish programs to provide
low-cost alternatives to payday loans
July 22, 2010
188
1206
Community Development Financial Institutions Fund permitted
to make grants to community development financial institutions
July 22, 2010
188
1201-1203
All other provisions of Improving Access to Mainstream
Financial Institutions Act of 2010
July 22, 2010
___
1207-1210
TITLE XIII — PAY IT BACK ACT
Dodd-Frank
Section
1301-1306
Description of Section
Effective Date
“Pay It Back Act,” including amendment reducing TARP
authorization, amendments to Housing and Economic
Recovery Act of 2008 and amendments to the American
Recovery and Reinvestment Act of 2009
July 22, 2010
See
Page
157
TITLE XIV — MORTGAGE REFORM AND ANTI-PREDATORY LENDING ACT
Dodd-Frank
Section
Description of Section
Effective Date
See
Page
1401-1497
Various provisions of Title XIV
Earlier of date final
regulations
implementing
section take effect
or 18 months after
Designated
Transfer Date
183-187
1473(f)
Appraisal management services
July 21, 2013,
subject to Council
extension of up to
12 months
___
1496(a)
Funding for Homeowners’ Relief Fund
October 1, 2010
187
1497(a)
Additional assistance for Neighborhood Stabilization Program
October 1, 2010
187
1498
Legal assistance for foreclosure-related issues
July 21, 2010
187
TITLE XV — MISCELLANEOUS PROVISIONS
Dodd-Frank
Section
See
Page
Description of Section
Effective Date
1501
Requirement to oppose IMF loans to certain countries if not
likely to be repaid in full
July 22, 2010
156
1503
Mine safety disclosure requirements
August 20, 2010
117
C-12
TITLE XVI — FINANCIAL CRISIS ASSESSMENT AND FUND
Dodd-Frank
Section
1601
Description of Section
Effective Date
Amendment of Section 1256 of the Internal Revenue Code to
explicitly exclude any interest rate swap, currency swap, basis
swap, interest rate cap, interest rate floor, commodity swap,
equity swap, equity index swap, credit default swap or similar
agreement from the scope of Section 1256
Applies to taxable
years beginning
after July 21, 2010
C-13
See
Page
104