An important provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is section 619, commonly referred to as the Volcker rule. Following the financial crisis of 2008, industry experts determined that a significant contributing factor of the great recession was the practice of unreasonable risk-taking by big financial institutions. In order to curb such risk, the Volcker rule, by which banking institutions were required to divest ownership in certain investment funds, was implemented. However, after industry leaders warned of a new financial crisis should they be required to suddenly make such divestiture—and filed a lawsuit to underscore their opposition to the tight divestment timeline—the Federal Reserve extended parts of the Volcker rule’s implementation to July 2015. Now, the Federal Reserve has announced a new “final” date for enforcing the rest of the rule.