WASHINGTON — A bipartisan trio of House Financial Services Committee members plan to introduce legislation today that would let banks pay interest on business checking accounts as early as next year and expand sweep accounts in the interim.

In conjunction with a financial institutions subcommittee hearing scheduled for today, Reps. Pat Toomey, R-Pa., and Paul E. Kanjorski, D-Pa., are reintroducing legislation that stalled last year in the Senate. It would, a year after its enactment, repeal a Depression-era prohibition on interest-bearing commercial accounts.

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