House panel passes modernization; Some issues unresolved

Reynolds, Katherine M.
October 1997
Bond Buyer;10/31/97, Vol. 322 Issue 30264, p4
Trade Publication
States that the House Commerce Committee passed financial modernization legislation that would continue to prevent banks from directly underwriting municipal revenue bonds. Issues still left unresolved even after the passing of the bill; difficulty in merging Commerce's version of financial modernization with the bill the banking committee passed in the summer; Information on the functional regulation provisions of the financial modernization legislation.


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