Dodd-Frank Deadlines Slip, But Barney Frank Isn't Worried

Deadlines for many of the rulemakings mandated by last summer’s financial reform legislation have slipped, leaving the implementation dates for some key measures up in the air.

The Dodd-Frank Act mandated that dozens of rulemakings be completed within either nine months or a year of the bill’s enactment. Nine months have now passed. The one-year mark is fast approaching. Much remains undone.

But Rep. Barney Frank (D-Mass.), who championed the bill in the House last year, isn’t concerned about the delays. “There are a lot of complicated rules there,” he said. “I believe all the agencies are working hard to try to complete them.”