On December 23, 2011, the federal banking agencies extended the comment period on the proposed rules implementing the Volcker Rule from January 13, 2012 to February 13, 2012. This extension is in response to requests from the public for additional time for comments. To learn more about the proposed rules implementing the Volcker Rule, see Legal Update, Agencies Issue Proposed Regulations Implementing the Volcker Rule. For more information on the framework of the Volcker Rule under the Dodd-Frank Act, see Practice Note, Summary of the Dodd-Frank Act: The Volcker Rule.