The Volcker Rule, part of the Dodd-Frank Act, has been a top target of the Trump administration since its inception. The rule was already significantly revamped at the end of 2019, with a change that allowed banks to speculate with their own cash. Now, a new change to the rule would rollback another banking restriction – one preventing banks from investing in venture-capital funds. The Dodd-Frank Act was put in place to prevent risk-taking at the end of the 2008 financial crisis, but has received some criticisms from banks that it is too restrictive.
Read more via Bloomberg.