Financial reform's sprint-like pace has slowed to a crawl in the hot Washington summer, but lobbyists say that they are not alarmed -- yet.

After the Senate approved financial reform this spring and the House followed suit before Independence Day, many supporters predicted a compromise bill would be ready for the President's signature before Congress took its August vacation. Instead, lawmakers became distracted by tax cuts and gun control and fought over the composition of a conference committee to reconcile the differing House and Senate measures.

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