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Final Volcker Rule Released, Approved

Tuesday, December 10, 2013 - 8:00AM

Regulators today released a final draft of the provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act commonly referred to as the Volcker Rule. The Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board today unanimously approved the rule. The so-called Volcker Rule places certain prohibitions and restrictions on the ability of a banking entity and non-bank financial company to make certain kinds of equity investments, and thus could have significant implications for the tax credit equity market.

To hear about the rule’s significance to the low-income housing tax credit (LIHTC), new markets tax credit (NMTC) and renewable energy tax credits, tune in to the Dec. 17 Tax Credit Tuesday podcast.

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