The rival bank and insurance industries aren't calling a truce, lobbyists said Wednesday, even though House Banking Chairman Jim Leach dropped his contentious financial modernization bill to seek modest reforms instead.

Though Rep. Leach is betting that Republican leaders won't let his less ambitious bill get bogged down, insurance industry lobbyists said they will ask for a seven-month moratorium on the Comptroller of the Currency's ability to grant new insurance powers.

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