Via NRO:
A Congressional Research Service report this week revealed that the Obama administration has missed precisely 50 percent of its deadlines in implementing Obamacare — and with the Dodd-Frank financial-reform law, they’re doing even worse. More than half of the law’s 279 deadlines so far — 61.6 percent — have been missed by July 15, according to a new report.
The law firm DavisPolk has been publishing reports on Dodd-Frank’s progress for a while now, and they explain “the pace of rulemaking has been remarkably consistent over the past three years” — but it’s been consistently far behind the pace actually set by the law. Since the deadlines are dispersed, some months have been particularly rough — April 2011 saw regulators hit a serious cold streak, missing 26 deadlines that month. Dodd-Frank requires a variety of federal agencies — the SEC, the Fed, the Commodities Futures Trading Commission, etc. — to actually write the new financial-market rules that Congress merely outlined in the 2010 law.