Lawmakers are gearing up to intervene if regulators fail to resolve ongoing concerns about the treatment of collateralized debt obligations backed by trust-preferred securities under the Volcker Rule.

Reps. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, and Shelley Moore Capito, R-W.V., are working on a bill that would provide a broad exemption to existing Trups-backed obligations, which they plan to introduce on Tuesday, according to a spokesman for the chairman.

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