House votes to delay implementation of Volcker Rule

This story appeared in Bank Digest.

The House voted to approve H.R. 37—the Promoting Job Creation and Reducing Small Business Burdens Act—a package of 11 bills that contains controversial changes to provisions relating to derivatives and the Volcker rule under the Dodd-Frank Act. The vote was 271 to 154, with 29 Democrats voting in favor of the bill.