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Friday, April 13th

Apr 12, 2018
Legislative Digest

On Friday, the House will meet at 9:00 a.m. for legislative business. Last votes expected no later than 3:00 p.m.

1 Rule Bill

1) H.R. 4790 - Volcker Rule Regulatory Harmonization Act, Rules Committee Print (PDF)

Sponsor: Rep. French Hill (R-AR) | Financial Services Committee

Topline Summary: This bill restricts financial institutions insured by the Federal Deposit Insurance Corporation from engaging in certain proprietary trading of securities, derivatives, commodity futures, and options on those instruments. Specifically, the bill amends Section 619 of the Dodd-Frank Act, known as the “Volcker Rule,” to streamline the regulatory authority over the Volcker Rule by granting the Federal Reserve the exclusive rule-making authority and providing for sole examination and enforcement authority by an entity’s primary federal regulator. 

115th Congress