Abstract

http://ssrn.com/abstract=2267643
 


 



Desire, Conservatism, Underfunding, Congressional Meddling, and Study Fatigue: Ingredients for Ongoing Reform at the Securities and Exchange Commission?


Joan MacLeod Heminway


University of Tennessee College of Law

May 21, 2013

University of Cincinnati Law Review, Vol. 81, 2013
University of Tennessee Legal Studies Research Paper No. 214

Abstract:     
This article suggests the use of program evaluation -- a branch of social science research designed to assess organizations and their activities -- to analyze continued reform efforts at the Securities and Exchange Commission ("SEC") under Section 967 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 967 compelled the SEC to retain an independent consultant to evaluate and issue a report on its structure and operations and mandated that the SEC engage in post-study reporting to Congress over a two-year period on its implementation of resulting reforms. The article concludes that program evaluation techniques are useful in this context and identifies, based on program evaluation literature, both positive and negative aspects of the study and reporting required under Section 967.

Number of Pages in PDF File: 42

Keywords: Section 967, Dodd-Frank, Securities and Exchange Commission, SEC, federal agency, reform, program evaluation, new public management, NPM

JEL Classification: D29, H19, H59, K22, K23

Accepted Paper Series


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Date posted: May 22, 2013 ; Last revised: July 9, 2013

Suggested Citation

Heminway, Joan MacLeod, Desire, Conservatism, Underfunding, Congressional Meddling, and Study Fatigue: Ingredients for Ongoing Reform at the Securities and Exchange Commission? (May 21, 2013). University of Cincinnati Law Review, Vol. 81, 2013; University of Tennessee Legal Studies Research Paper No. 214. Available at SSRN: http://ssrn.com/abstract=2267643

Contact Information

Joan MacLeod Heminway (Contact Author)
University of Tennessee College of Law ( email )
1505 West Cumberland Avenue
Knoxville, TN 37996
United States
865-974-3813 (Phone)
865-974-0681 (Fax)

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