Lawmakers Continue to Oversee Dodd-Frank Implementation

The Congressional agenda for 2013 will include lawmakers overseeing implementation of the Dodd-Frank Act and possible advances on housing finance reform.

"Following on the last two years, lawmakers will likely hold a number of hearings on implementation of the Dodd-Frank law, including the so-called Volcker rule, a ban on proprietary trading at commercial banks named after former Federal Reserve Chairman Paul Volcker," writes American Banker's Victoria Finkle.

"I think that the banks have already responded to proprietary trading and the Volcker rule, but the rules have to be clear for the banks or they're not going to be able to work and they're not going to be able to have liquid markets," said Rep. Carolyn Maloney, D-N.Y.

Both the House and Senate banking committees have new leadership which will continue to play a critical role in determining panel priorities throughout the year.

For the full piece see "Dodd-Frank, Housing Reform Remain at Top of Congressional Agenda" (may require subscription).