A blueprint for merging the bank and thrift charters would be designed by a nonpartisan commission under a bill introduced Wednesday by Rep. Toby Roth, R-Wis.

Rep. Roth's proposal is modeled after the base-closing commission that planned the shutdown of military installations in recent years. Rep. Roth said his plan would help Congress update Depression-era banking laws without getting "bogged down" by industry lobbying.

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