House Committee Seeks Volcker Alternative

Law360, New York (August 7, 2012, 6:47 PM EDT) -- The House Financial Services Committee is looking for an alternative to the Volcker Rule that would be less burdensome to private equity firms and hedge funds seeking to raise capital, saying Tuesday that the rule in its current form could be devastating to the economy.

The Volcker Rule, a portion of the Dodd-Frank Act meant to keep bank holding companies from engaging in proprietary trading with private equity entities, has faced great opposition from both regulators and the public for being so vague as to pose...
To view the full article, register now.