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Date: May 17, 2017 | 2:00 PM–3:00 PM
An important provision in Title IX of the Financial CHOICE Act repeals Section 619 of Dodd–Frank, otherwise known as the Volcker Rule. The rule’s original intent was to prohibit banks from engaging in what’s known as proprietary trading – that is, making risky investments solely for their own profit. Experts disagree over the impacts of the rule, and it’s a subject of debate as the House Financial Services Committee considers the measure.
CCMC’s Executive Vice President Tom Quaadman spoke on the panel about the Volcker Rule during an event organized by the Heritage Foundation. Other panelists included Better Markets, Inc. President and CEO Dennis Kelleher, American Progress Managing Director of Economic Policy Andy Green, and Equity Dealers of America CEO Chris Iacovella.