NU Online News Service, may 26, 11:20 a.m. EDT
Congress would complete work on financial services reform before the July 4th recess under an aggressive reconciliation conference schedule outlined Tuesday by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee.
The bill is H. 4173.
Under the schedule, proposed by Rep. Frank, the House would vote on final legislation Tuesday, June 29, giving the Senate three days to complete work on the bill.
Under the Frank plan, the Reconciliation Committee conference would begin on June 9 with its organizational meeting and opening remarks.
The Reconciliation Committee would hold five open working sessions, starting June 15 and finishing June 23.
Under the plan, the conference would conclude June 24, with a formal signing ceremony and with the conference report filed shortly thereafter, the memo said.
The Senate already has named 12 conferees–seven Democrats and five Republicans.
Eight of these are members of the Senate Banking Committee, headed by panel chairman Sen. Chris Dodd, D-Conn., and ranking member Sen. Richard Shelby, R-Ala.
The four others are members of the Senate Agriculture Company, headed by Sen. Blanche Lincoln, D-Ark., chairman, and Sen. Saxby Chambliss, R-Ga., ranking minority member.
Rep. Frank also proposed that the House appoint conferees June 8, when it returns from its Memorial Day recess. Rep. Frank proposes in his memo that he serve as chairman for the House members, and that the seven Democratic members of the Reconciliation panel include all the Financial Services Committee subcommittee chairs.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
