Since then financial executives have argued the documentation and compliance requirements are too onerous. A sign that Wall Street was making headway came in June 2017, when Trump’s Treasury Department issued a report that said some of the demands were "unnecessarily burdensome.” The unveiling of the regulators’ plan will be the first step in a lengthy process that will include votes at the agencies on whether to seek public comment on the proposal followed by what could be months of rewriting before a final round of votes on making the changes official.

https://www.bloomberg.com/news/articles/2018-05-21/banks-to-get-another-volcker-rule-win-as-hedging-demands-eased