Report: More than half of Dodd-Frank rules still in the works

About 48 percent of the Dodd-Frank financial reform bill provisions that require rulemaking action remain unfinished, a new federal report found.

The Government Accountability Office (GAO) report identified 236 provisions set out in the sweeping law, approved in 2010 to strengthen oversight of the financial sector and avert a repeat of the economic crisis of the late 2000s.

Of those, just less than half are complete. Of the remaining 52 percent, regulators have proposed rules to satisfy 29 percent of the required provisions. Twenty-three percent have yet to be proposed.

The report, issued Jan. 23, credited agencies and other regulators with making progress, but noted obstacles that have emerged in the years since the law was adopted.

“A variety of challenges affected regulators' progress in implementing the act's reforms,” the report found. “Regulators noted that completing rules has taken time because of the number and complexity of the issues, and because many rules are interconnected.”

The full report can be viewed here.