<Li> Reported by the joint conference committee on June 29, 2010; agreed to by the House on June 30, 2010 (237--192) and by the Senate on July 15, 2010 (60--39) </Li> <Li> Signed into law by President Barack Obama on July 21, 2010 </Li> <P> The Dodd--Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111--203, H.R. 4173, commonly referred to as Dodd--Frank) was signed into federal law by President Barack Obama on July 21, 2010 . Passed as a response to the financial crisis of 2007--2008, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression . It made changes in the American financial regulatory environment that affected all federal financial regulatory agencies and almost every part of the nation's financial services industry . </P> <P> The law was initially proposed by the Obama administration in June 2009, when the White House sent a series of proposed bills to Congress . A version of the legislation was introduced in the House in July 2009 . On December 2, 2009, revised versions were introduced in the House of Representatives by the then Financial Services Committee Chairman Barney Frank, and in the Senate Banking Committee by former Chairman Chris Dodd . Due to Dodd and Frank's involvement with the bill, the conference committee that reported on June 25, 2010, voted to name the bill after them . </P>

When did the consumer protection act came into effect