The House Financial Services Committee will roll out a report today showing that less than half of the required rule-making for the Dodd-Frank bill passed two years ago has been completed, but just the first 46% already comprises more than 5300 pages of rules. ...
The committee has rolled out a “burden tracker” to explain the costs of Dodd-Frank compliance, and will have a video out later today with more information. Rep. Randy Neugebauer put the burden into perspective:
“It will take over 24 million man hours to comply with Dodd-Frank rules per year. It took only 20 million to build the Panama Canal
