House Banking Committee Chairman Jim Leach has scheduled a Feb. 5 hearing and vote on his proposed legislation to tackle the year- 2000 computer problem.

The Iowa Republican would give thrift and credit union regulators the authority to examine software vendors for year-2000 glitches, according to a draft of the bill. The Office of Thrift Supervision and the National Credit Union Administration requested these inspection powers to put them on par with bank regulators.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.