Americans for Financial Reform (AFR) welcomes this opportunity to provide comments regarding the Financial Stability Oversight’s Council (FSOC) study to inform the implementation of the “Volcker Rule” provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Sections 619 – 621). AFR is a coalition of over 250 national, state and local groups who are committed to reforming financial regulation and the financial industry to play a more constructive role in helping to provide jobs, incomes and safe savings vehicles for Americans and to avoid a repeat of the devastating financial instability and massive tax payer bank bailouts of recent years. As the over 5,000 comments from citizens urging the FSOC to implement a strong Volcker Rule have shown, this issue has high public visibility.