The Fed advanced a proposed rule to modify the Volcker Rule. Meanwhile, the U.S. enacted tariffs on the EU, Canada and Mexico and announced plans for tariffs on China.
President Trump signs the bipartisan banking bill, the Fed weighs Volcker Rule changes, and riders in the House appropriations bill look unlikely.
The new bipartisan law shows the massive amount of political will required to achieve even modest changes to the Dodd-Frank Act.
The Senate banking bill moves closer to a vote, co-directors of the SEC’s Enforcement Division address cybersecurity, and the IRS commissioner offers timing for pass-through income guidance.
SEC Commissioner Piwowar announces he will step down, the NLRB considers the joint-employer standard again, and trade talks with China continue.