WASHINGTON — The chairman of the House Financial Services Committee has asked financial industry participants and members of the public for less burdensome legislative alternatives to the Volcker Rule.

“If regulators implement the Volcker Rule in its current form, the repercussions will be devastating to our economy.  It will undermine our nation’s ability to compete and make it harder for Main Street businesses to raise capital so they can grow and create jobs.” Rep. Spencer Bachus, R-Ala., said in a release.  “Therefore, we must consider legislative alternatives that will not stifle economic growth and job creation.”  

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