Which 2010 Act,passed to control risk in financial markets,is the biggest surge in economic regulation since the New Deal?
A) The Dodd-Frank Act
B) The Expedited Funds Availability Act
C) The Tax Extenders and Alternative Minimum Tax Relief Act
D) The Congressional Accountability Act

Question

Quizplus · Accepted Answer

The Dodd-Frank Act, passed in 2010, was designed to regulate risky behaviors in the financial markets and prevent another financial crisis like the one in 2008. It imposed stricter regulations on banks, established the Consumer Financial Protection Bureau, and created the Financial Stability Oversight Council. It is considered the largest regulatory overhaul of the financial system since the New Deal.

Which 2010 Act,passed to Control Risk in Financial Markets,is the Biggest