What is the definition of Dodd-Frank Bill?

The Dodd-Frank Regulatory Reform Bill is a bill in the United States which was passed after the 2008 financial crisis which aims to increase restrictions and government control over the financial sector, to prevent another crisis and to improve financial stability.

This has resulted in many tight restrictions over investment banking, trading in particular. The Dodd-Frank legislation allows the Federal Reserve to monitor and regulate insurance companies, banks, investment banks and other financial institutions.