Nearly two years since it was made law, almost 36 percent of the roughly 400 rules required by the Dodd-Frank financial reform law have yet to be written, according to a new report. Due to regulatory uncertainty caused by pending regulations such as those under the Dodd-Frank Act, many small businesses do not hire new employees or invest in their businesses – ultimately hurting America’s economy.
(Source: The Hill, 7/2/12, “Two years later, many of Dodd-Frank’s rules remain unwritten, report finds,” by Peter Schroeder)
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