House votes to exempt some banks from one of the biggest Dodd-Frank rules

Published April 13, 2018 3:07pm ET



The House voted Friday to allow community banks to escape one of the biggest regulations imposed by the 2010 Dodd-Frank law.

Republicans joined with 78 Democrats to pass a bill sponsored by Rep. French Hill, R-Ark., to revise the “Volcker Rule,” the regulation that restricts banks’ ability to speculate in the market with deposits insured by the federal government. The rule is meant to prevent banks from making risky bets that are effectively backstopped by taxpayers.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.