WASHINGTON -- Rep. Henry Gonzalez wants a House Banking Committee panel to approve a derivatives bill early next month that calls for comprehensive federal standards for bank derivatives activities.

Gonzalez, the Texas Democrat who chairs the House Banking Committee, made the plea for action by the panel in an Aug. 17 letter to RepStephen Neal, D-NC., the chairman of the committee,s subcommittee on financial institutions supervision, regulation, and deposit insurance.

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