a. One of the rules, in the 2017's, proposed Financial Freedom Act, is the Regulations regarding securitization. According to this rule, the government will not be responsible for bailing out financial institutions once they get caught up in a financial crisis. The rule suggests that any financial institution, be it a bank or registered as a hedge fund, who's possible failure may risk the entire financial system, has to get regulated by the Federal Reserve.

The Reserve, plus, the knowledge that there won't be any government-bailouts, will help the financial institutions track their progress and stay safe. In case of a crisis, they do not get affected. Rather, they are not the cause of the new financial crisis, by adjusting and making securitization regulations for a more strict financial institution.

b. Another part of the rule is about derivatives trading. The reform wants those trading in derivatives to be more transparent in their exchanges so that the system is not shaken by learning how much firms hold in a crisis like AIG's case in 2008. More people are requested to trade in derivatives but ensure that the transactions are transparent.

c. The reform also looks into a single agency whose main work will be to protect consumers. The improvement is looking into financial institutions that outrightly take advantage of the unsuspecting consumers. Thus, simple financial involvements like in credit cards or mortgages should be clear for better understanding. The associations should be transparent, to reduce the number of individuals who become victims in case of a financial crisis.

The regulations are not enough to protect a future crisis. The rules are mainly touching on the financial sector, leaving out the possibility of a financial crisis coming from a different industry. Say a pandemic is the cause of a financial crisis; there are no measures to prevent an economic turn down from occurring.