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					                                                                                                Draft 5-5-10
                                                                   Studies in S. 3217
                                                                                                       KSW




                                                           Studies in the Dodd-Frank Act

                    RESPONSIBLE
      TOPIC           AGENCY                                 DETAILS
                                      Study on feasibility, benefits, costs, and structure of
                                      a contingent capital requirement for nonbank
Contingent                            financial companies supervised by the Board and
Capital           Council             large interconnected BHCs
                                      Effects of size and complexity of financial
Financial                             institutions on capital market efficiency and
Institutions      Council             economic growth
                  GAO, in
                  consultation with
                  Federal banking     Access to capital by smaller insured depository
Access to capital agencies            institutions ($5b or less in total consolidated assets)
                  GAO, in
                  consultation with   Use of hybrid capital instruments as a component
Capital           the Board, OCC,     of Tier 1 capital for banking institutions and bank
Requirements      and FDIC            holding companies.
                  GAO, in             Capital requirements applicable to US intermediate
                  consultation with   holding companies of foreign banks that are bank
Capital           the Board, OCC,     holding companies or savings and loan holding
Requirements      and FDIC            companies.



Orderly                               Bankruptcy and orderly liquidation process for
Liquidation       GAO                 financial companies under the Bankruptcy Code

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Orderly       Admin. Office of   Bankruptcy and orderly liquidation process for
Liquidation   US Courts          financial companies under the Bankruptcy Code
                                 International coordination relating to orderly
Orderly                          liquidation of financial companies under the
Liquidation   GAO                Bankruptcy Code


Orderly                          Implementation of prompt corrective actions by the
Liquidation   GAO                appropriate Federal banking agencies
                                 Evaluating the importance of maximizing US
                                 taxpayer protections and promoting market
                                 discipline with respect to the treatment of fully
Orderly                          secured creditors in the utilization of the orderly
Liquidation   Council            liquidation authority authorized by this Act
Orderly                          Bankruptcy process for financial and nonbank
Liquidation   Board              financial institutions

                                 International coordination relating to the resolution
Orderly                          of systemic financial companies under the
Liquidation   Board              Bankruptcy Code and applicable foreign law
                                 Comptoller General Study on compliance costs
                                 associated with current SEC rules regarding
Advisers,                        custody of funds and additional costs if operational
Investors     GAO                independence were eliminated.
                                 Study on the appropriate criteria for determining the
                                 financial thresholds or other criteria needed to
Advisers,                        qualify for accredited investor status and eligibility
Investors     GAO                to invest in private funds.
Advisers,                        Study on feasibility of forming a self-regulatory
Investors     GAO                organization to oversee private funds
                                 Study on the state of short selling on national
                                 securities exchanges and in the OTC markets, with
                                 attention to impact of recent rule changes and the
                                 incidence of the failure to deliver shares sold short
Advisers,                        or delivery of shares on the 4th day following the
Investors     SEC                short sale transaction.

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                                      Director of FIO study and recommendations on
                                      how to modernize and improve the system of
Insurance         FIO                 insurance regulation in the U.S.

                                      Study of the nonadmitted insurance market to
                                      determine the effect of the enactment of this part
                                      on the size and market share of the nonadmitted
                                      insurance market for providing coverage typically
Insurance         GAO                 provided by the admitted insurance market.

                                   Study to determine whether it is necessary, in order
                                   to strengthen safety and soundness of institutions
                                   or the stability of the financial system, to eliminate
                                   the exceptions under section 2 of the BHCA of
                                   1956 for savings institutions, credit card banks,
                                   industrial banks, trust banks, institutions described
Banks & Thrifts  GAO               in 1841(a)(5)(E)-(F);
                                   Study and make recommendations on
                                   implementing this section to promote safety and
                                   soundness; minimize risk that IDIs will engage in
                                   unsafe and unsound activities; limit the
                                   inappropriate transfer of Federal subsidies from
                                   institutions that benefit from deposit insurance and
Banks, BHCs,                       liquidity facilities of the Federal Government to
Nonbank                            unregulated entities; reduce conflicts of interest
Financial                          between those supervised by the Board; limit
Companies                          activities that have or might reasonably be
regulated by Fed Oversight Council expected to caused undue risk

                                      Agencies will report on the (investment) activities
                                      that a banking entity, as such term is defined in the
                                      BHCA of 1956, may engage in under Federal and
Bank Investment Federal Banking       State law, including activities authorized by statute
Activities      Agencies              and by order, interpretation and guidance




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                                Study on impact of concentration limits (forbids
                                mergers that create a firm with over 10% of all
                                consolidated liabilities) on financial stability, moral
                                hazard, the efficiency and competitiveness of US
                                financial firms and markets, and the cost and
Financial                       availability of credit/financial services to households
Companies     Oversight Council and businesses in the US




                                  Studty on the effects of postion limits on trading on
Derivatives   CFTC                exchanges in the United States




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                                 Study on the feasibility of requring the use of
                                 standardized algorithmic descriptions for financial
Derivatives   SEC and CFTC       derivatives.




Derivatives   SEC and CFTC       Study on international swap regulation.
                                 Study on stable value contracts to determine
Derivatives   SEC and CFTC       whether they fall under the definition of a swap.
                                 Study on whether the exemption under Section
                                 552(b)(3) of the Freedom of Information Act aids
                                 whistleblowers in disclosing inormation to the
Derivatives   CFTC               CFTC and impacts of the exemption.

              Interagency WG
              (CFTC, Ag, Treas,
              SEC, EPA, FERC,
Derivatives   FTC, EIA)         Study on Oversight of Carbon Markets
                                SEC study to evaluate the effectiveness of existing
                                legal or regulatory standards of care for brokers,
                                dealers, investment advisers; and whether there
                                are gaps or overlaps in such standards. In
                                preparing report to Congress, SEC must seek
Securities    SEC               public input.

                                 Study on ehancing investment advisor
Securities    SEC                examinations. financial literacy among investors:
                                 Study regarding
                                 ID existing level of financial literacy among retail
                                 investors, methods to improve the timing, content
                                 and format of disclosures to investors about
Securities    SEC                intermediaries, products, and services.
                                 Study regarding mutual fund advertising: ID
                                 existing and proposed regulations for open-end
                                 investment company advertisements, current
                                 marketing practices, and recommendations to
Securities    GAO                improve investor protections in advertising.

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                      Study on conflicts of interest: ID and examine
                      potential conflicts of interest between the staffs of
                      the investment banking and equity and fixed
                      income securities analyst functions within the same
                      firm and make recommendations to Congress to
Securities      GAO   protect investors from such conflicts.


                      Study on improved investor access to information
Securities      SEC   on investment advisers and broker-dealers

                      Study on legal or regulatory gaps in regulation of
                      financial planners and the use of financial
Securities      GAO   designations


                      Study on the whistleblower protections established
Securities      SEC   under the amendments made by this Section
                      Study on extraterritorial private rights of action
                      under the antifraud proivions of the Securities
Securities      SEC   Exchange Act.
                      Study on the impact of authorizing a private right of
                      action against any person who aids or abeds
Securities      GAO   another person in violation of securiteis laws.
                      Study on feasibility of standardizing credit ratings
Credit Rating         terminology, market stress conditions, and credit
Agencies        SEC   rating terminology.

Credit Rating
Agencies        SEC   Study on the independence of NRSROs

Credit Rating         Study on alternative business models for
Agencies        GAO   compensating NRSROs

Credit Rating         Study on the feasibility of creating an independent
Agencies        GAO   professional analyst organization




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                                    Study on the credit rating process for structured
                                    finance products and the feasibility of establishing a
                                    system with a public or private utility or SRO to
                                    assign NRSROs to determine credit ratings of
Credit Rating                       structure finance products, and alternative means
Agencies         SEC                of comensating NRSROs
                 Federal Reserve,   Study on the impact on each individual class of risk
Risk Retention   OCC, FDIC, SEC     retention for ABS
                                    Study on the macroeconomic effects of the risk
Risk Retention   FSOC               retention requirements under Title 9
Executive                           Study on the use of comensation consultants and
Compensation     SEC                their effects.




Mangement of                        Study on the organizational structure and reform
SEC              SEC                thereof for the SEC by an independent consultant.

Mangement of
SEC              GAO                Study on the SEC revolving door,
Securities,                         Study on increased disclosure to investors made by
Municipal        GAO                issuers of municipal securities.


Securities,
Municipal        GAO                Study on the municipal securities markets

Securities,                         Study on the funding for Government Accounting
Municipal        SEC                Standards Board
Proprietary                         Study on the risks and conflicts associated with
Trading          GAO                proprietary trading

Financial Literacy GAO              Study on financial literacy



Mandatory                           Study of the use of pre-dispute mandatory
Arbitration      CFPB               arbitration clauses
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                                    Study on ending the conservatorship of Fannie
                                    Mae, Freddie Mac, and Reforming the Housing
GSEs            Treasury            Finance System



Mortgages       CFPB                 Study on reverse mortgage transactions
                CFPB and Dept. of
                Ed., in consultation
                with FTC, Justice
Student loans   Dept                 Report (not study) on private education loans
                                     Report on nature, range and size of variations
                                     between credito scores sold to creditors and those
Credit Scores   CFPB                 sold to consumers
                                     Review and report (not study) on all Federal laws
Exchange                             and regs relating to the protection of consumers
Facilitators    CFPB                 who use exchange facilitators
                                     Study on how the exemption from section 552(b)(3)
                                     of title 5 (aka the Freedom of Information Act) has
                                     had on the ability of the public to access
                                     information about the administration by the Board
                                     of Governors of emergency credit facilities,
                                     discount window lending programs, and open
                                     market operations. The study shall make a
                                     recommendation on whether the exemption should
FOIA            FED                  remain in effect.

                                    Study to determine prudent statutory and regulatory
                                    requirements sufficient to provide for the
Mortgages       HUD                 widespread use of shared appreciation mortgages.




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                        Study to determine the effects this Act will have on
                        the availability and affordability of credit for
                        consumers, small business, homebuyers, and
                        mortgage lending. Include an analysis of the effect
                        on the capital reserves and funding of lenders of
                        credit risk retention provisions for non-qualified
                        mortgages and a recommendation on whether a
                        uniform standard is needed. Include an analysis of
                        whether the credit risk retention provisions have
                        significantly reduced risks to the larger credit
                        market of securitized loans on the secondary
Mortgages        GAO    market and recommendations on adjustments.

                        Root causes of default and foreclosure of home
                        loans, role of escrow accounts, role of computer
Mortgages        HUD    registries.
                        Study on the effectiveness and impact of various
                        appraisal methods, valuation models and
                        distribution channels, and on the home valuation
                        code of conduct. Additional study on the appraisal
                        subcommittee, on existing exemptions on
                        appraisals for federally related transactions, and
Mortgages        GAO    data collection.
                        Study on government efforts to combat mortgage
                        foreclosure rescue scams and loan modification
Mortgages        GAO    fraud.
                        Study of effect of drywall (imported from China)
Mortgages        HUD    presence on foreclosures


Inspectors              Study assessing the independence, effectiveness,
General of the          and expertise of presidentially appointed inspectors
IMF              OCC    general

                        Study on core deposits for the purpose of
Core Deposits    FDIC   calculating the insurance premiums of banks.




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the Dodd-Frank Act


                  FOLLOW-UP ACTION                            DATE              SECTION


   Report to Congress; MAY make recommendations to
   Board                                                      July 21, 2012        115(c)
                                                          January 17, 2011;
                                                              every 5 years
   Report to Congress                                             thereafter          123


   Report to Congress, Regulations by Federal banking
   agencies                                                January 21, 2012      171(b)(6)



   Report to Congress                                      January 21, 2012        174(a)



   Report to Congress                                      January 21, 2012        174(b)
                                                         July 21, 2011; each
                                                        successive year until
                                                         3rd year; and every
                                                               5th year after
   Report to Congress                                             enactment        202(e)

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                                                       July 21, 2011; each
                                                      successive year until
                                                       3rd year; and every
                                                             5th year after
Report to Congress                                              enactment     202(e)


Report to Congress                                           July 21, 2011    202(f)

                                                          July 21, 2011 for
Report to Council; Council reports actions taken in   study; Council report
response to study                                     6 months after study    202(g)




Report to Congress                                           July 21, 2011      215

Report to Congress                                           July 21, 2011      216



Report to Congress                                           July 21, 2011      217

Report to Committee on Banking, Housing, and Urban
Affairs of the Senate and Committee on Financial
Services of the House.                                       July 21, 2013      412



Report to Congress                                           July 21, 2011      413

Report to Congress                                           July 21, 2011      414



Report and recommendations, including consideration
of real time reporting of short sale positions to
Congress                                                     July 21, 2012      415

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Report to Congress                                  January 21, 2012   502(p)




Report to Congress                                  January 21, 2013     526




Report to Congress                                  January 21, 2012     603




Recommendations to Federal banking agencies         January 21, 2011     619



Federal banking agencies shall jointly review and
prepare a report and submit it to the Council and
Congress                                            January 21, 2012     620




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Council shall complete the study no later than 6 months     Study due January
after the date of enactment; 9 months after completion          21, 2011; Final
of the study, the Board shall issue final regulations          Regulations due
reflecting recommendations by the Council.                    October 21, 2011        622
                                                               12 months after
                                                          impostion of position
(1) Report to Congress (2) Within 30 legislative days      limits; 30 legislative
after the submission to Congress, the Committee on                    days after
Argiculture of the House of Representatives must hold             submission to
a hearing examining the findings of the report.                        congress     719(a)




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Report to Committees on Agriculture and on Financial
Services of the House and the Committees on
Agriculture, Nutrition, and Forestry and on Banking,
Housing, and Urban Affairs of the Senate                     March 21, 2011    719(b)

Report to Committees on Agriculture and on Financial
Services of the House and the Committees on
Agriculture, Nutrition, and Forestry and on Banking,
Housing, and Urban Affairs of the Senate                    January 21, 2012   719( c)
Within 15 months of enactment, and issue regulations
or exemptions as appropriate.                               October 21, 2011   719(d)

Report to Committee on Banking, Housing, and Urban
Affairs of the Senate and Committee on Financial
Services of the House                                       January 21, 2013      748




Report to Congress                                          January 17, 2011      750

Report to the Committee on Banking Housing and
Urban Affairs in the Senate and Committee on
Financial Services in the House. If study identifies gaps
or overlaps, SEC must issue regulations to address
gaps and overlaps.                                          January 21, 2011      913
Report to the Committee on Banking Housing and
Urban Affairs in the Senate and Committee on
Financial Services in the House                             January 17, 2011      914




Report to Congress                                             July 21, 2012      917


Report to the Committee on Banking, Housing, and
Urban Affairs in the Senate and the Committee on
Financial Services of the House                                July 21, 2011      918

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Report to the Committee on Banking, Houising, and
Urban Affairs of the Senate and the Committee on
Financial Serivces of the House of Representatives         January 21, 2012    919A
Study completed not later than 6 months after the date
of enactment. Not later than 18 months after the date of
completion of the study, SEC must implement
recommendations from the study.                            January 21, 2011    919B
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate, Special Committee on
Aging of the Senate, and the Committee on Financial
Services of the House                                      January 17, 2011    919C
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate, Special Committee on
Aging of the Senate, and the Committee on Financial
Services of the House                                      January 21, 2013   922(d)
Report to the Committee on Banking, Housing, and
Urban Affairs in the Senate and the Committee on
Financial Services of the House                            January 21, 2012    929Y


Report to Congress                                            July 21, 2011    929Z


Report to Congress with findings and recommendations          July 21, 2011   939(h)
Report to the Committee on Banking, Houising, and
Urban Affairs of the Senate and the Committee on
Financial Serivces of the House of Representatives            July 21, 2013    939C
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives         January 21, 2012    939D
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives            July 21, 2011    939E




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Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives            October 19, 2011           939F

Report to Congress                                            October 19, 2011            941

Report to Congress                                             January 21, 2012           946

Report to Congress                                                 July 21, 2012          952

Consultants report is due to Congress and the SEC 150
days after being retained, and the SEC must issue a
report 6 months after that, and every six months for the
next 2 years to the Committee on Banking, Housing,
and Urban Affairs of the Senate and the Committee on            150 days after
Financial Services of the House of Representatives.      consultant is retained           967
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives               July 21, 2011            968

Report to Congress                                                 July 21, 2012          976
Report to Congress. Not later than 180 days after
report, SEC shall submit a response to Congress
stating the actions SEC has taken in response to the
report.                                                        January 21, 2012           977
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives             January 21, 2012           978

Report to Congress                                            October 21, 2011            989

Report to Congress                                                 July 21, 2011    1013(d)(7)
                                                          Regulation to apply to
                                                                 any agreement
                                                          entered into 180 days
Report to Congress and regulations that prohibit or limit after effective date of
mandatory pre-dispute arbitration clauses                              regulation        1028
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Report to Congress                                       February 1, 2011     1074

Regulations if study determines that conditions or     Study completed 1
limitations on reverse mortgage transactions are     year after designated
necessary or appropriate                                      transfer date   1076



Report to Congress                                           July 21, 2012    1077


Report to Congress                                          July 21, 2011     1078
                                                              1 year after
                                                      designated transfer
Report to Congress                                                   date     1079




Report to Congress and publish report on the Fed's
website                                                 January 21, 2013      1103



Report to Congress.                                     January 21, 2011      1406




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Report to Congress.                                             July 21, 2011    1421
                                                            July 21, 2011 for
                                                          preliminary report;
                                                       July 21, 2012 for final
Preliminary and final reports to Congress                               report   1446


                                                        October 19, 2010 for
                                                       status report; July 21,
                                                        2011 for final report.
                                                             Additional study
Status and final reports                                   January 21, 2012.     1476


Report to Congress                                                       N/A     1492

Report to Congress                                      November 18, 2010        1494
Reprt to Committes on Financial Services and
Oversight and Government Reform of the House of
Representatives and the Committees on Banking,
Housing, and Urban Affairs and Homeland Security and
Governmental Affairs of the Senate.                            July 21, 2011     1505
Report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives.            July 21, 2012     1506




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