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16 January 2015
 January 16, 2015

The House attempted to pass a bill Wednesday to roll back or ease nearly a dozen requirements from the 2010 Dodd-Frank financial law and the 2012 Jumpstart Our Business Startups law, that aimed to make it easier for smaller companies to raise cash.  The measure failed by a vote of 276-145, six votes short of the two-thirds needed to pass under a special procedure known as “suspension” in which non-controversial legislation can advance with limited debate. House Republicans are almost certain to try again to pass some or all of the bill’s measures. Here’s what some of the key provisions would have changed. 1. Give banks until 2019 to comply with provisions of the so-called Volcker rule that they divest from their Collateralized Loan Obligations, or CLOs, which are complex securities that bundle together corporate loans as well as bonds. The delay would come on top of a two-year delay already agreed to by banking regulators. Supporters say it would prevent a “fire sale” of CLOs but some Democrats warned the provision constitutes an attack on Dodd-Frank. 7 Ways the New Congress is Seeking to Water Down Financial Rules

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