WASHINGTON - House Financial Services Committee Chairman Michael G. Oxley said Wednesday that deposit insurance reform would be a priority item for his committee as soon as late this month, but the bill he spotlighted was one the Federal Deposit Insurance Corp. chairman had criticized as too narrow.

Rep. Oxley said the financial institutions subcommittee would hold hearings on legislation introduced last week by fellow Ohio Republican Rep. Robert Ney, and added that he is awaiting recommendations by the FDIC that are expected to be released today.

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