The House is expected to vote tomorrow on the ABA-backed H.R. 4167, a bill introduced by Rep. Andy Barr (R-Ky.) to protect preexisting bank investments in collateralized loan obligations from Volcker Rule restrictions on "covered funds." The House Financial Services Committee passed the measure last month in a bipartisan 53-3 vote.
Read ABA’s memo on H.R. 4167.