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.
The Townshend Acts. Parliament wasted little time invoking its right to âbindâ the colonies under the Declaratory Act. The very next year, in 1767, it passed the Townshend Acts. Named after Parliamentarian Charles Townshend, these acts included small duties on all imported glass, paper, lead, paint, and, most significant, tea. Hundreds of thousands of colonists drank tea daily and were therefore outraged at Parliamentâs new tax.