Bloomberg -- Measures affecting Dodd-Frank Act requirements won’t move forward in Congress while the government remains shut down, according to two Republican leadership aides.
The House probably won’t move legislation on any topic other than government funding until a deal is reached to end the current impasse, according to the aides, who spoke on condition of not being identified in discussing legislative strategy.
One of the Dodd-Frank bills would narrow what’s known as the swaps push-out rule, which requires insured depository institutions to hand their swaps activities to affiliates. The other would require the U.S. Securities and Exchange Commission to identify potential effects on investors before setting rules to implement the law passed in 2010.
Both those bills, H.R. 992 and H.R. 2374, were so far along that an open meeting was set for Sept. 28 to determine how many amendments would be debated on the floor of the House of Representatives. The meeting was put off indefinitely.
The House had tentatively set aside part of next week to debate the port-dredging measure, H.R. 3080. The shutdown and efforts to resolve the impasse have clouded that schedule.
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