Sen. Lauch Faircloth, a freshman Republican from North Carolina, is a staunch supporter of the GOP's pro-business agenda who sits on the Senate Banking Committee. In an interview, the 68-year-old senator said he recognizes the banking industry is frustrated by the preoccupation with the Whitewater investigation, which is being conducted primarily by banking panel members.

But Sen. Faircloth said the Senate still has a good shot at passing pro- banking legislation this year.

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