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House Subcommittees to Assess Impact of Volcker Rule

By Pete Kasperowicz 
Published January 11 2012 The Hill

Two subpanels of the House Financial Services Committee will meet jointly next week to examine how the so-called Volcker Rule has affected the economy and jobs. The Volcker Rule was passed as part of the Dodd-Frank financial reform bill in 2010, and prohibits bank-holding companies from proprietary trading — that is, making their own investments with money that is not their clients'.

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