The House Banking Committee convenes on Tuesday to mount a challenge to the 62-year-old Glass-Steagall Act. But it is the committee's chairman, 52- year-old Rep. Jim Leach, who may be facing the stiffest test.

The Iowa Republican has been leader of the banking panel for a mere four months, and the outcome of the committee's deliberations may go a long way toward determining how powerful a chairman he will be.

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