U.S. House Panel Said to Plan Hearing on Volcker Rule Proposal
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U.S. House lawmakers will examine a nearly 300-page proposal to ban banks from trading for their own accounts, adding another level of scrutiny to the rule proposed by four federal regulators this week.
Representative Spencer Bachus, the Alabama Republican who leads the House Financial Services Committee, is planning to hold a hearing on the proposal, according to a House Republican aide who requested anonymity to discuss the panel’s planning.