Public opinion on Dodd-Frank Act U.S. 2020

Published by Statista Research Department, Nov 1, 2024
In an August 2020 survey, 81 percent of likely voters said they supported the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law in 2010. This legislation imposed oversight regulations on the financial services industry in response to the Great Recession, which many experts attributed to the absence of such regulations.

Share of Americans who support Dodd-Frank Wall Street Reform and Consumer Protection Act as of August 2020

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Sources

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Release date

September 2020

Region

United States

Survey time period

August 19 to 25, 2020

Number of respondents

1,000 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "now here is a description of the Wall Street reform law that was passed after the financial crisis: In addition to requiring federal oversight of a larger range of financial companies, this law also prohibits banks from certain risky practices, and created the Consumer Financial Protection Bureau to fight against abusive financial practices that hurt consumers. It also bans taxpayer-funded bailouts of large banks and financial companies and, instead, sets up a system where investors rather than taxpayers bear the losses of bank failures. Please indicate whether, overall, you favor or oppose this law."

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