Undaunted by past failures, House Banking Committee Chairman Jim Leach said on Monday that he will unveil another plan to end interindustry disputes now stalling his financial modernization bill.

Rep. Leach, participating in a panel discussion carried by NBC's desktop video service, said his new plan will protect the banking industry's victory in Supreme Court's recent Barnett decision, which upheld banks' right to sell insurance from towns of 5,000 or fewer residents.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.