The House Banking subcommittee on financial institutions tentatively plans to vote this month on the Derivatives Safety and Soundness Act of 1994, a bill sponsored by House Banking Committee Chairman Henry B. Gonzalez, D-Tex., and Rep. Jim Leach, R-Iowa. Excerpts from a narrative explanation prepared by the House Banking Committee follow.

Title I -- Enhanced Supervision of Derivative Activities. The appropriate federal regulatory agencies are required to jointly establish principles and standards related to capital, accounting, disclosure, suitability, or other appropriate regulatory action for the supervision of financial institutions engaged in derivatioves activities.

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