Economics
U.S. House Considers Adding Volcker Rule Shift to Budget Bill
- Wall Street has long sought to ease the rule’s oversight
- House passed a change, but there’s no clear path in the Senate
Wall Street Set to Win as Hedging Demands Eased in Volcker 2.0
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Lawmakers in the U.S. House of Representatives are considering whether to add a measure that would ease one of Wall Street’s most hated post-financial crisis rules to a must-pass spending bill, according to a person with knowledge of the matter.
The move to change the Volcker Rule’s ban on proprietary trading may be included in next year’s budget for financial regulators, according to the person who asked not to be identified because the final text of the bill hasn’t been released.