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Thursday, September 20, 2012

Bill Seeks International Parity for Volcker Enforcement

Rep. Peter King (R-NY) is planning this week to introduce a bill—titled the U.S. Financial Services Global Viability Act—stipulating that enforcement of the Volcker Rule should be suspended until Treasury can certify that other international competitors have adopted and are abiding by similar statutory rules.

Read a draft version of the bill.

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