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 Declaratory Act was a reaction of British Parliament to the failure of the as they did not want to give up on the principle of imperial taxation asserting its legal right to tax colonies. When Parliament it concurrently approved the Declaratory Act to justify its repeal.