A bill to address the implementation of certain prohibitions under the Bank Holding Company Act of 1956, and for other purposes.

Amends the Bank Holding Company Act of 1956 to delay the effective date for specified prohibitions against proprietary trading by banking entities and certain relationships with hedge funds and private equity funds (Volcker Rule) to the later of either 12 months after issuance of final implementing rules, or 2 years after July 21, 2010.