The Dodd-Frank Act reduces the amount of funds authorized for TARP and requires that TARP funds repaid by financial institutions be used for government deficit reduction.

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in July 2010, indeed reduced the amount of funds authorized for the Troubled Asset Relief Program (TARP) and mandated that repaid TARP funds be used for federal government deficit reduction, reflecting its aim to enhance financial stability and accountability.

The Dodd-Frank Act Reduces the Amount of Funds Authorized for TARP