EstablisheÂÂd the National Commission on Fiscal ResponsibiÂÂlity andorm.
EstablisheÂÂd Presidentâ€™ÂÂs Advisory Council on Financial Capability to
assist in financial education for all Americans.
Restoring American Financial Stability Act of 2010.,
Dodd-Frank Wall Streetorm and Consumer Protection Act, the biggest
financialoÂÂrm law since the Great DepressionÂÂ.
Managed the Troubled Asset Relief Program (begun under Bush) (TARP)
Assigned a Special Inspector General for the Troubled Asset Relief
Program Act of 2009.
Pension relief Act of 2010.
Fraud EnforcemenÂÂt and Recovery Act.,
Played a lead role in G-20 Summit re: financial crisis.
Reformed deferral rules to curb tax advantages for investing overseas.
EstablisheÂÂd new offshore investment policy that promotes in-sourcinÂÂg.
Cut salaries for 65 bailout executives (Pay Czar).
Banks have repaid 75% of TARP funds, bringing the cost down to $89B as
of June 2010.
Closed offshore tax safe havens, tax credit loopholes.
Created the Financial Stability Oversight Council to monitor stability
of the financial system and individual firms
New requiremenÂÂts for reporting financial data
Created self-fundeÂÂd Office of Financial Research (OFR) to collect
informatioÂÂn from financial firms
OFR employees must wait a year before working for certain financial firms.
Provided for orderly liquidatioÂÂn of financial companies
Limited trading activities of banks (Volcker Rule) beginning 2 yrs after passage
Swaps Pushout Rule prevented federal assistance to swaps (including
DerivativeÂÂs must be traded transparenÂÂtly through a clearing house
Thanks to kimbanyc of huffington post.