WASHINGTON - High turnover in Congress and the prospect of a new occupant for the Oval Office make it highly unlikely that major bank reform legislation will be signed into law in the next few years, lobbyists said recently.

Sam Baptista, president of the Financial Services Council, said there will be "a dramatic change on the House Banking Committee" next year because of retirements, the defeat of incumbents, and a desire by many members of the panel to seek plum assignments on higher-profile committees, such as appropriations, ways and means, or energy and commerce.

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