The law was about micromanaging financial services rather than facilitating capital markets.
The proposed law would significantly amend the Dodd-Frank Act and restore flexibility to financial institutions.
A report by the Volcker Alliance calls for a "long-delayed" reshaping of the U.S. bank regulatory system.
The stock market upturn has persisted much longer and prices have risen much higher than most historical bull markets, says an OFR study.
With the largest total exposures and intrafinancial system liabilities, JPMorgan Chase is a potential source of "spillover risk," say researchers.
