VOLCKER RULE COMMENT PERIOD CLOSES MONDAY

Friday, February 10, 2012 - 8:00am

Organizations that wish to submit comments on a proposal to implement the provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act commonly referred to as the Volcker Rule are reminded that the deadline to submit comments is Monday, February 13. 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.

Because of the rule’s significance to the low-income housing tax credit (LIHTC), new markets tax credit (NMTC) and renewable energy tax credits, the LIHTC Working Group, NMTC Working Group and Renewable Energy Working Group will each submit comment letters on the proposed rule.