WASHINGTON House Banking Committee leaders have shelved plans to vote on a derivatives bill this year at the urging of the Treasury Department and nine committee members.
The bill, which was introduced in May by Rep. Henry Gonzalez. D-Tex., the committee chairman, and Rep. Jim Leach. R-Iowa, the committee's top Republican, would have required federal regulators to establish comprehensive and consistent standards for the derivatives activities of banks. federal credit unions. and governmentsponsored housing agencies.