Date: February 3, 2014

Issue: Volcker Rule

To: The Honorbale Jeb Hensarling and The Honorable Maxine Waters

Filing Type: Congressional

Description: The Chamber believes that this hearing is timely and that the Committee should use this as an opportunity to create transparent and accountable rule-writing procedures for the individual financial regulatory agencies and for a standardized transparent and accountable rule-writing procedure for joint multiple agency rules. Specifically with the Volcker Rule, the Chamber recommends that a mechanism be put in place to quickly resolve issues as they arise and that an effort be made to harmonize the interpretation and enforcement of the Volcker Rule amongst five different regulatory agencies.

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