WASHINGTON — A bank regulatory relief plan put forward by Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig is getting support in the House.

Rep. Ed Perlmutter, D-Colo., introduced legislation on Friday that would implement Hoenig's plan by providing regulatory relief to "traditional banks" that hold no trading assets; hold only interest rate and foreign exchange derivatives positions with exposure of less than $3 billion; and maintain a simple leverage ratio of at least 10%.

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