Frank to chair committee
May 24, 2010 | federal legislation, industry | Comments (0)House Financial Services Committee Chairman Barney Frank will chair the conference committee that will conform the House and Senate financial reform bills. From the story:
Frank, the chairman of the House Financial Services Committee, will hold sway as the two chambers try to hammer out major differences in their bills, including rules for derivatives and restrictions on types of trading.
The Senate is expected to name its conferees as soon as Monday, while House Speaker Nancy Pelosi may not name her chamber’s conferees until after Congress returns from its Memorial Day break on June 7.
Frank, the chief architect of the bill in the House, said last week that he believes it will not take more than a month to merge the two bills.
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