Congressional Hearing on the Volcker Rule
January 1, 2018
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The Frame
The restricts how banks can invest their own money, and this hearing served as a formal venue for lawmakers to gather evidence on whether to modify or maintain these regulations, which directly affect bank operations and capital availability for businesses.
Potentially affected actors named in the source documents. Mention is not a position.
Financial Institutions
Banks and financial firms are subject to the investment restrictions imposed by the Volcker Rule.
Investors
Investors are affected by changes in market liquidity and the types of financial products available to them.
Last recorded activity January 1, 2018.
Next step not available in the current record.
Summary
Key Facts
- The hearing took place on March 29, 2017, before the Subcommittee on Capital Markets, Securities, and Investment.
- The primary subject was the impact of the Volcker Rule on markets, businesses, investors, and job creators.
- Five expert witnesses provided testimony, including representatives from the Investment Company Institute, the Center for American Progress, Stifel Financial Corporation, the U.S. Chamber of Commerce, and Cornell University.
- The hearing record includes prepared statements from all five witnesses.
- Additional materials submitted for the record include a statement from the National Venture Capital Association and correspondence to federal financial regulators regarding the rule.
Frequently Asked Questions
What is the Volcker Rule?
What was the purpose of this hearing?
Why It Matters
The restricts how banks can invest their own money, and this hearing served as a formal venue for lawmakers to gather evidence on whether to modify or maintain these regulations, which directly affect bank operations and capital availability for businesses.
News Coverage
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Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Regulatory Review
The hearing reflects a 2017 legislative effort to re-examine and potentially roll back financial regulations established in the wake of the 2008 financial crisis.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy50Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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