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The size of the rebellion and the seniority of the rebels may support efforts to tighten language in the legislation as it makes its way to the Senate.
The first amendment proposed to the bill, by Senator Barbara Boxer, Democrat of California, was intended to tighten language in the bill regarding how the government would handle any future collapses of financial companies.
Janus additionally agreed to tighten language in its fund prospectuses to discourage rapid trading, and said it would increase redemption fees from 1percenttoto 2percentt on certain funds.
DealBook » Volcker Rule Gets Murky Treatment | The authors of the Volcker Rule sought to tighten language on proprietary trading, but the case of "the London Whale" illustrates how banks, with the complicity of regulators, can evade the provision's objective, Jesse Eisinger writes in The Trade.
Mr. Brownback's move had the effect of killing an amendment by Senators Jeff Merkley, Democrat of Oregon, and Carl Levin, Democrat of Michigan, to tighten language barring banks from proprietary trading, or playing the markets with their own money -- a restriction generally known as the Volcker rule for the former Fed chairman Paul A. Volcker, who proposed the idea.
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They offered a few concessions, including tightened language for the sentencing of guerrilla leaders, but ignored demands that the FARC be banned from political participation.
How would tightening language and experience requirements affect employment outcomes amongst individuals entering through the points-based system?
People involved with the drafting of the Dodd-Frank law itself say that the authors fought repeatedly to tighten the language, in part to specifically exclude portfolio hedging.
South Jersey lawmakers have vowed to tighten the language to make sure that 25percentt of the arts council's grants end up in the south.
Even so, the Irish and the British will still seek to tighten the language to avoid even a hint that taxes might one day be set by majority vote.
Much of the criticism of the Justice Department settlement and the efforts of some states to tighten the language has been prompted by skepticism that Microsoft will voluntarily live up to its terms.
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