To keep large financial firms from behaving recklessly and endangering the rest of the economy, the Dodd-Frank Wall Street Reform and Consumer Protection Act created the

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The Dodd-Frank Wall Street Reform and Consumer Protection Act created the Financial Stability Oversight Council to monitor large financial firms and prevent them from engaging in reckless behavior that could endanger the rest of the economy. The council also has the authority to designate firms as "systemically important," which subjects them to heightened regulatory oversight.

To Keep Large Financial Firms from Behaving Recklessly and Endangering