Hundreds of provisions in the measure must be implemented by July 21, the one-year anniversary of its enactment. But one of the law’s authors, Rep. Barney Frank, D-Mass., told a group of lawyers today that no deadline in the law is actually drop-dead.
“There is no penalty for not meeting the deadline,” Mr. Frank said during a webinar sponsored by the National LGBT Bar Association. “There’s no gun at their heads. Nobody gets fired.”
Read more: No gun at regulators’ heads to hit Dodd-Frank deadlines: Barney Frank — Investment News
