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