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House panel extends financial reform sessions
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Rep. Barney Frank, Chairman of the House Financial Services Committee, on Capitol Hill, September 26, 2008.
Credit: Reuters/Jonathan Ernst
WASHINGTON |
WASHINGTON (Reuters) - The House of Representatives Financial Services Committee's working sessions on financial regulation reform bills will be extended into next week, said committee Chairman Barney Frank on Thursday.
A session that had been scheduled for Friday has been canceled and the committee will reconvene on Tuesday, said Frank, a Democrat, at the opening of Thursday's session.
The committee is drafting and is expected to vote on proposed legislation to regulate over-the-counter derivatives, set up a financial consumer protection agency and other matters affecting hedge funds, insurers and brokerage.
(Reporting by Kevin Drawbaugh; Editing by James Dalgleish)
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