The role of the Federal Reserve Board tops the list of contentious issues House Commerce Committee members are trying to resolve before they vote Thursday on financial reform legislation.

Rep. Paul Gillmor, R-Ohio, the panel's vice chairman, is working on an agreement with ranking Democrat John Dingell to roll back the Fed's authority over financial holding companies. Rep. Dingell's endorsement is necessary for the bill to gain bipartisan support, but the Michigan Democrat has opposed efforts to reduce the Fed's power.

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.