March 08, 2019

Brown Slams Trump Regulators Attemps To Weaken the Volcker Rule

 WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement on federal bank regulator’s decisions to potentially redo a rewrite of the Volcker Rule.

“It’s no surprise that when Wall Street banks complained that the proposed rewrite of the Volcker Rule wasn’t weak enough, Trump regulators went to work watering it down further,” said Brown.  “It is sad to see critical Wall Street Reform Act protections get picked apart piece-by-piece.”