The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama on Wednesday July 21, 2010. The Act spans over 2,300 page. The Act is categorized into sixteen titles:
4.1 Title I - Financial Stability
4.2 Title II - Orderly Liquidation Authority
4.3 Title III - Transfer of Powers to the Comptroller, the FDIC, and the FED
4.4 Title IV - Regulation of Advisers to Hedge Funds and Others
4.5 Title V - Insurance
4.6 Title VI - Improvements to Regulation
4.7 Title VII - Wall Street Transparency and Accountability
4.8 Title VIII - Payment, Clearing and Settlement Supervision
4.9 Title IX - Investor Protections and Improvements to the Regulation of Securities
4.10 Title X - Bureau of Consumer Financial Protection
4.11 Title XI - Federal Reserve System Provisions
4.11.1 Governance and oversight4.11.2 Standards, Plans & reports, and off-balance-sheet activities
4.12 Title XII - Improving Access to Mainstream Financial Institutions
4.13 Title XIII - Pay It Back Act
4.14 Title XIV - Mortgage Reform and Anti-Predatory Lending Act
4.14.1 Property Appraisal Requirements
4.15 Title XV - Miscellaneous Provisions
4.16 Title XVI - Section 1256 Contracts
Title IX 'Investor Protections and Improvements to the Regulation of Securities', Subtitle B of the Frank-Dodd Act gives the SEC further powers of enforcement. This includes a "whistleblower bounty program" which is based upon a similar program established by the IRS in 2006. The whistleblower program allows persons who provide information which leads to a successful SEC enforcement to receive 10 to 30% of the monetary sanctions over $1 million.
