NERA Expert Tesitifies on Dodd-Frank before House Subcommittee

On 30 March 2011, NERA Vice President Dr. James Overdahl testified on The Costs of Implementing the Dodd-Frank Act: Budgetary and Economic before the Oversight and Investigations Subcommittee of the US House of Representatives Committee on Financial Services. Dr. Overdahl, a former Chief Economist of both the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC), provided his perspective on: guidelines for developing economic analyses in rulemaking at independent agencies, such as the SEC and CFTC; the SEC and CFTC’s accuracy in predicting the scale of budgetary and economic costs of significant financial market regulations; the extent to which the SEC and CFTC are held accountable for economic analyses; and recommendations for the SEC and CFTC rulemaking procedures to ensure that proposed Dodd-Frank Wall Street Reform and Consumer Protection Act rules adhere to robust economic analyses. Learn more.


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