Free Market Focus: Dodd-Frank at Year Three

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July 24, 2013     |    Discover more at Heritage's Enterprise and Free Markets webpage

Dodd-Frank at Year Three: Onerous and Costly This Sunday, July 21, will mark the third anniversary of Dodd–Frank, Washington’s massive regulatory response to the housing market collapse, the failure of major financial firms, and the resulting shock to the economy in 2008. Although three years in, the full effects of Dodd–Frank have yet to hit. Some of the most significant regulations are still winding their way through the bureaucracy. Dozens of rulemakings have been completed, but a backlog of hundreds more is prolonging regulatory uncertainty and inhibiting economic growth. Consumers are facing dramatically higher banking fees and fewer service options because of new government constraints on credit. LEARN MORE ABOUT THE IMPENDING REGULATIONS  >>

Hensarling Housing Finance Plan: A Solution to the Fannie & Freddie Mess Representative Jeb Hensarling (R–TX) has released a discussion draft of a proposal, known as the Protecting American Taxpayers and Homeowners (PATH) Act, that would wind down the federally sponsored housing finance agencies Fannie Mae and Freddie Mac and move the U.S. toward a housing finance system that protects both taxpayers and homeowners. FIND OUT MORE  >>

Productivity and Compensation: Growing Together Conventional wisdom holds that worker productivity has risen sharply since the 1970s while worker compensation has stagnated. This belief rests on misinterpreted economic data. Accurate and careful comparisons show that over the past 40 years, measured productivity has increased 100 percent and average compensation has risen 77 percent. Inflated productivity measurements account for most of the remaining 23 percentage point difference. An apples-to-apples comparison shows that employee compensation continues to closely follow productivity. American workers continue to earn more as they become more productive. To help Americans advance economically, policymakers should seek policies that will increase productivity. WHAT SHOULD POLICYMAKERS DO?  >>

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