June 30, 2010 / 10:35 PM / 9 years ago

Frank says will revive bank tax proposal

WASHINGTON (Reuters) - Democratic Representative Barney Frank said on Wednesday that he would revive a proposal to tax banks and other large financial firms that had been stripped from a landmark overhaul of financial regulations.

Frank’s proposal would move separately from the sweeping financial regulation bill, which the House is expected to approve imminently.

“The committee that I chair will, I hope, bring out a bill that revives that assessment,” Frank said in debate on the House floor.

Reporting by Andy Sullivan and Kevin Drawbaugh; Editing by Leslie Adler

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