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News Now

Washington
Reg reform on August agendas
WASHINGTON (6/22/09)—House Financial Services Chairman Barney Frank (D-Mass.) and Senate Banking Chairman Christopher Dodd (D-Conn.) both noted their projected timing last week to address the Obama administration plan for a financial regulatory revamp. (CongressDaily June 19) Frank said his goal is to wrap up the summer by having his panel vote on a still-to-be-drafted bill by the last week of July. That would, thereby, place House consideration of the measure after the August recess. Dodd said a companion bill in the Senate would have to wait until the fall as he fills in for Health, Education, Labor and Pensions Committee Chairman Edward Kennedy (D-Mass.) on health care negotiations. House Financial Services, however, announced hearings to take up certain aspects of the regulatory reform bill this week. (See related story: House hearings address aspects of reform.)


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