121 House Members Ask For Delay On Volcker Rule

Law360, New York (December 22, 2011, 10:01 PM EST) -- More than 120 U.S. House of Representatives members have attacked the controversial, bank-restricting Volcker Rule provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, asking federal regulators to delay the implementation of the potentially private equity-limiting rule in a letter released Thursday.

In a letter dated Dec. 20 and released Thursday by Rep. Randy Neugebauer, R-Texas, 121 representatives asked the Federal Reserve Board, the Commodity Futures Trading Commission, the U.S. Securities and Exchange Commission, the Federal Deposit Insurance Corp., and the Office of the...
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