Treasury Secretary Timothy Geithner said on Thursday that he would submit legislative language to Congress within a few days to create a consumer protection agency.
Language detailing the rest of the administration's regulatory reform package will be available in a few weeks, Geithner said.
Though a final bill is expected to be comprehensive, both Geithner and House Financial Services Committee Chairman Barney Frank appeared willing to deal with issues individually. Speaking after a meeting with the President's Working Group on Financial Markets, Geithner also said the administration would begin carrying out the parts of the plan that do not require legislative action.
