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ARTICLE · 15 JUNE 2010

The Volcker Rule: Implications for Private Fund Activities

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On May 20, 2010, the US Senate passed its version of comprehensive financial services reform legislation, the "Restoring American Financial Stability Act of 2010" (the "Senate Bill").

United StatesFinance and Banking
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Article by Scott A. Anenberg , Michael R. Butowsky , Charles M. Horn , Olga A. Loy , Lennine Occhino and David R. Sahr

Originally published June 10, 2010

Keywords: Financial reform legislation, Volcker Rule, private fund sponsorship, banking organizations, Financial Stability Act, non-US banks

On May 20, 2010, the US Senate passed its version of comprehensive financial services reform legislation, the "Restoring American Financial Stability Act of 2010" (the "Senate Bill"). The Senate Bill, coupled with the House of Representatives' action last December passing its version of financial reform legislation, the "Wall Street Reform and Consumer Protection Act of 2009" (the "House Bill"), is about to enter a formal House-Senate conference to resolve differences between the two bills. It is possible that final legislation could be sent to President Obama for signature as early as the July 4 recess.

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