House Passes Extension of Volcker Rule Conformance Period for CLOs

Yesterday, the U.S. House of Representatives passed H.R. 37, the Promoting Job Creation and Reducing Small Business Burdens Act, in a 271 to 154 vote.Section 801 of H.R. 37 would extend the Volcker Rule conformance date with respect to collateralized loan obligations for an additional two years, until July 21, 2019.

The text of H.R. 37, as passed by the House, is available here.

See: H.R. 37.Related news: Committee on Rules for U.S. House of Representatives to Consider Regulatory Reform (with Lofchie Comment) (January 8, 2015).