Two days ago, on July 21, President Obama signed into law H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). All types of financial institutions will be subject to significant new conditions and limitations under the statute; nonfinancial, publicly traded companies will be faced with new obligations as well. As is always the case with landmark legislation, the consequences on day-to-day operations will emerge over time, as regulators begin their analysis and commence necessary rulemaking.
This advisory reviews both the broad themes and many of the critical details of the Act. We have organized the discussion by title, but we review the provisions within each title thematically.
The advisory is provided in PDF on the Alston & Bird web site: http://www.alston.com/fisap_dodd_frank_reform_act_summary