House to defer debate on financial reform legislation, lawmaker says
House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., said the House likely would defer until December its debate on legislation aimed at reforming the financial services regulations. Frank plans to introduce a revision that would impose levy on large insurers and other financial firms to create a cash pool for liquidating troubled institutions.
PropertyCasualty360.com
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This story published in PCI SmartBrief on 11/04/2009
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