WASHINGTON — Sens. Jeff Merkley and Carl Levin on Thursday urged regulators not to delay writing a strong rule that would ban banks from proprietary trading.

The two senators, who were initial sponsors of the provision, sent a letter to Federal Reserve Board Chairman Ben Bernanke and all four other regulators urging that the so-called 'Volcker Rule' not be delayed or scrapped ahead of the July 21st deadline.

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