State of the Union Address by President Donald J. Trump February 5th, 2019
Share

Merkley-Levin – Proprietary Trading (3827)

This amendment would prohibit banks with
taxpayer-insured deposits and their affiliates from engaging in proprietary
trading or establishing hedge funds or private equity funds. This amendment
will ensure that firms can no longer bet against asset-backed securities they
had assembled and sold, ending the egregious conflicts of interest that pit
firms such as Goldman Sachs up against their own clients.

Agreed to 93-5

en_USEnglish