Dodd-Frank Act. The Dodd-Frank Act (fully known as the Dodd-Frank Wall Street Reform and Consumer Protection Act) is a United States federal law that places regulation of the financial industry in the hands of the government.
The Declaratory Act was a gesture of British Parliament reasserting its authority to pass taxes and laws on the colonies, even though they lacked any representation. The Stamp Act of 1765 had backfired on the British Crown.
Background of the Declaratory Act. The Stamp Act was passed by the British Parliament on March 22, 1765 and was set to go into effect on November 1st of that year. To the surprise of Parliament, the colonists rose up in one accord and protested against its implementation.