On September 13th, the Government Accountability Office issued a report on the Dodd-Frank Act's impact on community banks and credit unions. Regulators and industry officials noted that the full impact of the Dodd-Frank Act on these institutions is uncertain since the Act has yet to be fully implemented. Nonetheless, some regulators and industry officials expect some of the Act's provisions to benefit community banks and credit unions and other provisions to impose additional requirements on community banks and credit unions that could affect them disproportionately relative to larger banks. Several of the Act's provisions, including its deposit insurance reforms, exemption from Section 404(b) of the Sarbanes-Oxley Act, and the Consumer Financial Protection Bureau's supervision of certain nonbanks, could reduce costs and/or help level the playing field for community banks and credit unions. Other provisions, such as the Act's mortgage reforms, may impose additional requirements but their impact will depend on, among other things, how the provisions are implemented. Finally, it is too soon to determine Dodd-Frank's overall impact on small business lending.