WASHINGTON Oct 14 Representative Barney Frank, chairman of the U.S. House Financial Services Committee, said on Wednesday, the panel will not vote until Thursday on legislation to regulate over-the-counter derivatives.
"We will hold off the votes on this bill until 10 o'clock tomorrow morning," Frank said midway through a Wednesday working session on the bill.
Frank said the committee would move Wednesday afternoon to considering another proposal -- legislation from the Obama administration calling for setting up a Consumer Financial Protection Agency. (Reporting by Kevin Drawbaugh)
Trending On Reuters
The deaths of a number of witnesses in a massive fraud case surrounding cheating at college and government jobs has become the latest source of discomfort for the Bharatiya Janata Party (BJP), already on the defensive over influence trafficking allegations. Full Article
Insight - Car dashboards that act like smart phones raise safety issues Full Article