WASHINGTON - The House Banking Committee plans to consider reform of the municipal securities market next year because of bank involvement in pay-to-play practices and recent market losses by state and local government investment funds, according to incoming chairman Rep. Jim Leach, R-Iowa.

Regulation of derivatives, housing reform, and changes to the Glass-Steagall Act also loom large on the panel's horizon, Leach told Republican committee members in a Wednesday memo that sets a preliminary agenda for the panel.

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.