WASHINGTON–The Government Accountability Office (GAO) said there are still five recommendations, out of the 37 it made to financial regulators since enactment of the 2010 Dodd-Frank Act, that have not yet been enacted.
Since enactment of Dodd-Frank, GAO has conducted an annual study of the regulations arising from the law and made a total of 37 recommendations. GAO said it found federal agencies have implemented 32 of these recommendations but that five have yet to be fully implemented as of Oct. 15 of this year.
“For example, three agencies need to develop and implement policies and procedures to consistently meet requirements related to assessing potential impacts of new regulations on small entities,” the GAO reported.
GAO said some of the recommendations involve more than one agency, which contributes to a higher count of outstanding recommendations.