H.R. 37 is known as Promoting Job Creation and Reducing Small Business Burdens Act, but has a key provision to delay the Volcker rule until 2019.
The legislation won 276 to 146 but failed to gain a 2/3 majority vote to pass the measure because it was brought to the House floor by suspension of the rules that prevented it from being amended.
H.R. 37 would delay until July 2019 a provision of the law’s Volcker Rule intended to limit risky investments by banks, and make other changes.
Updated: The “suspension of the rules” was clarified by a link to the House Floor legislative description. This is not the same as “special rules.” A new link to the daily floor activity was added.
However, H.R. 26 has a rider. This was passed almost unanimously. The Senate will also most likely pass it.
However, H.R. 26 has a rider. This was passed almost unanimously. The Senate will also most likely pass it.
I just read the posting on H.R. 26. The text made my head spin.