WASHINGTON - House Banking Committee Chairman Rep. Henry B. Gonzalez and the committee's top Republican, Rep. Jim Leach are nearing agreement on a compromise derivatives bill that could be enacted later this year, committee aides said yesterday.

The compromise bill, which may be drafted by next week, will contain parts of derivatives bill that each lawmaker introduced earlier this year but will avoid the jurisdiction of other committees, in particular the House Energy and Commerce Committee, the aides said.

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.