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 other words, the Declaratory Act of 1766 asserted that Parliament had the absolute power to make laws and changes to the colonial government, in all cases whatsoever, even though the colonists were not represented in the Parliament.his Declaratory Act was copied almost word for word from the Irish Declaratory Act, an Act which had placed Ireland in a position of bondage to the crown, implying that the same fate would come to The Thirteen Colonies.