WASHINGTON - Lawmakers are poised to adjourn as early as today a congressional session most observers have declared a dud in terms of banking legislation, but a top industry lobbyist described it as an important turning point when viewed in a broader context.

Sure, barring any last-minute political surprises, bankers will have failed to achieve their top legislative priorities this year of overhauling bankruptcy laws, increasing tax incentives for savings, and eliminating estate taxes when Congress finishes its two-year session.

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.