Question: When did the party that holds the majority in the House of Representatives take control of the branch that gives regulators discretion to prohibit proprietary trades?

Knowledge 1: Tanzania
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For instance, the Volcker Rule against proprietary trading is not part of the legislation, though in the Senate bill regulators have the discretion but not the obligation to prohibit these trades. [SEP] Knowledge 2: Tanzania
United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Federal Reserve to safely wind-down systemically important institutions, among others. In January 2010, Obama proposed additional regulations limiting the ability of banks to engage in proprietary trading. The proposals were dubbed "The Volcker Rule", in recognition of Paul Volcker, who has publicly argued for the proposed changes. [SEP] Knowledge 3: Party leaders of the United States House of Representatives
Party leaders and whips of the United States House of Representatives, also known as floor leaders, are elected by their respective parties in a closed - door caucus by secret ballot. With the Republicans holding a majority of seats and the Democrats holding a minority, the current leaders are: Majority Leader Kevin McCarthy, Majority Whip Steve Scalise, Minority Leader Nancy Pelosi, and Minority Whip Steny Hoyer.
Knowledge 1: Tanzania
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For instance, the Volcker Rule against proprietary trading is not part of the legislation, though in the Senate bill regulators have the discretion but not the obligation to prohibit these trades. [SEP] Knowledge 2: Tanzania
United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Federal Reserve to safely wind-down systemically important institutions, among others. In January 2010, Obama proposed additional regulations limiting the ability of banks to engage in proprietary trading. The proposals were dubbed "The Volcker Rule", in recognition of Paul Volcker, who has publicly argued for the proposed changes. [SEP] Knowledge 3: Majority leader
In the United States House of Representatives, the majority leader is elected by U.S. Congressmen in the political party holding the largest number of seats in the House. While the responsibilities vary depending upon the political climate, the Majority Leader of the United States House of Representatives typically sets the floor agenda and oversees the committee chairmen.
Knowledge 1: Tanzania
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For instance, the Volcker Rule against proprietary trading is not part of the legislation, though in the Senate bill regulators have the discretion but not the obligation to prohibit these trades. [SEP] Knowledge 2: Tanzania
United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Federal Reserve to safely wind-down systemically important institutions, among others. In January 2010, Obama proposed additional regulations limiting the ability of banks to engage in proprietary trading. The proposals were dubbed "The Volcker Rule", in recognition of Paul Volcker, who has publicly argued for the proposed changes. [SEP] Knowledge 3: 114th United States Congress
The One Hundred Fourteenth United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from January 3, 2015, to January 3, 2017, during the final two full years of Barack Obama's presidency. The 2014 elections gave the Republicans control of the Senate (and control of both houses of Congress) for the first time since the 109th Congress. With 248 seats in the House of Representatives and 54 seats in the Senate, this Congress began with the largest Republican majority since the 71st Congress of 1929 -- 1931.

Answer: January 2015