Trying to jump-start financial reform legislation, Rep. Marge Roukema has offered a compromise to end the turf war between the Federal Reserve and the Treasury Department over bank powers.

"If we are to get a bill, we must compromise on this issue," the New Jersey Republican wrote in a letter to House Banking Committee Chairman Jim Leach released Monday. "We are scheduled to adjourn in approximately four weeks. We need to start making progress."

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.