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.
In the end, both houses of Parliament voted for the repeal and the Declaratory Act was simply attached by a voice vote, not even with an official count. The Stamp Act was repealed and the Declaratory Act was passed by Parliament on March 17, 1766. King George III came to Parliament the following day and signed them both into law. Since the two bills were passed together, they became known as the Twin Brothers..