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Chairman Bachus Seeks Public’s Input on Volcker Rule Alternative
WASHINGTON - Financial Services Committee Chairman Spencer Bachus is asking investors, industry professionals and the public to offer their ideas and suggestions on how to formulate a less burdensome legislative alternative to the Volcker Rule.
“If regulators implement the Volcker Rule in its current form, the repercussions will be devastating to our economy. It will undermine our nation’s ability to compete and make it harder for Main Street businesses to raise capital so they can grow and create jobs. Therefore, we must consider legislative alternatives that will not stifle economic growth and job creation,” said Chairman Bachus.
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