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The law firm DavisPolk noted the lack of progress in implementing the Dodd-Frank law [emphasis mine]:
- As of February 1, 2012, a total of 225 Dodd-Frank rulemaking requirement deadlines have passed. This is 56.3% of the 400 total rulemaking requirements, and 78.7% of the 286 rulemaking requirements with specified deadlines.
- Of these 225 passed deadlines, 164 (72.9%) have been missed and 61 (27.1%) have been met with finalized rules. Regulators have not yet released proposals for 24 of the 164 missed rules.
- Of the 400 total rulemaking requirements, 93 (23.25%) have been finalized and 158 (39.5%) have been proposed. 149 (37.25%) rulemaking requirements have not yet been proposed.
Regulators are batting .271, which may be solid for a major league ballplayer, but it perpetuates the uncertainty facing businesses and keeps them from creating jobs. But don't tell that to Secretary Geithner.