Commerce Committee Chairman Thomas Bliley, R-Va., plans to introduce his own version of financial modernization legislation early next year, according to congressional employees.

Details of the bill, which would repeal the Depression-era Glass- Steagall Act, were not available. But Richard L. Maurano, the House Banking Committee's deputy Democratic staff director, said it would differ from legislation previously introduced by the committee's chairman, Jim Leach, R-Iowa.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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