No matter which party controls the House of Representatives, Congress will see a "major push" on optional federal charter (OFC) legislation in the next session, according to House Financial Services Committee Chairman Barney Frank (D-Mass.). He made the remark during a speech to the summer meeting of the National Conference of Insurance Legislators (NCOIL).
Related: Read August's Legislative Roundup "Taking stock of the 2010 state legislative sessions."
Rep. Frank said he kept federal charter discussions off the table during negotiations over the financial regulatory reform bill he co-authored, but said he will be a "neutral party" in the federal charter debate.
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