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.
Without that revenue, the troops were unable to control the enraged colonists, ultimately leading to the repeal of the Stamp Act. Along with the repeal of the Stamp Act, British Parliament simultaneously passed the Declaratory Act, which declared British authority to make and pass laws for the colonies.] had, hath, and of right ought to have, full power and authority to make laws and statutes of sufficient force and validity to bind the colonies and people of America, subjects of the crown of Great Britain, in all cases whatsoever.â. â Declaratory Act, 1766.