Derivatives, `Volcker’ Rules May Be House Republican Targets

U.S. House Republicans, probably blocked by a Democratic Senate and White House from making major changes to the financial-regulation overhaul, are preparing procedural tactics to influence how the new law is applied.

The Dodd-Frank Act, enacted in July over near-unanimous Republican opposition, requires agencies including the Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Deposit Insurance Corp. to craft hundreds of rules. Republican lawmakers and aides have been researching how they might use resolutions, budget measures and investigative hearings to ensure the final language meets their expectations.