Rep. McHenry Issues Statement on FDIC Vote to Amend Volcker Rule
August 20, 2019
August 20, 2019
WASHINGTON, Aug. 20 -- Rep. Patrick McHenry, R-North Carolina, ranking Republican member of the House Financial Services Committee, issued the following statement in response to the Federal Deposit Insurance Corporation's vote to amend the Volcker rule:
"I have long advocated for reasonable reform of the Volcker rule--a rule that former Chairman Volcker himself has referred to as being too complicated--and applaud today's decision by the federal financial regulators.
"I have long advocated for reasonable reform of the Volcker rule--a rule that former Chairman Volcker himself has referred to as being too complicated--and applaud today's decision by the federal financial regulators.