Lawmakers who are merging the House and Senate versions of the regulatory-reform bill will consider legislation that would upend the business model of credit rating agencies. However, the provision could be stripped out of the bill. Rep. Barney Frank, D-Mass., is pushing for a study by the Securities and Exchange Commission that would delve into credit rating agencies' role in the financial crisis. Lawmakers are also considering postponing other controversial measures, including regulation of derivatives, until the end of the two-week reconciliation process.

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