Under heavy pressure from Democrats, the Senate Banking Committee has postponed its vote on regulatory relief legislation until July 29.

Sponsored by Sens. Richard C. Shelby, R-Ala., and Connie Mack, R-Fla., the bill would roll back more than 40 banking rules and permit the payment of interest on required reserves and business checking accounts.

A committee vote had been scheduled for Thursday, but Sen. Carol Moseley-Braun of Illinois and other Democrats sought a delay because of differences with Sen. Shelby over legislation to ease credit union membership limits.

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