Business Lobby Wants a Do-over on Volcker Rule
By Peter Schroeder
Published November 17 2011 The Hill
Regulators are facing more pressure to rework a key piece of the Dodd-Frank financial reform law, as the nation's largest business lobby said the current plan to implement it is far too complex and leaves companies confused. The U.S. Chamber of Commerce told financial regulators Thursday that its original proposal to implement the "Volcker Rule" needs to be withdrawn and reproposed, given that regulators do not seem to be on the same page as to how it should be put in place.
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