WASHINGTON -- The Senate Banking Committee has drafted omnibus legislation that links regulatory relief for banks and thrifts to President Clinton's community development bank proposal.

Among other provisions, the bill would end the system in which banks are subject to examinations by more than one agency, substituting a single exam.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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