WASHINGTON - The House was expected to move quickly Tuesday night on legislation that would give thrifts more time to deduct from capital 15% of their investments in real estate development units.

Late Monday, the Senate approved a five-line measure giving an additional four months to comply with the provision from the 1989 thrift-bailout law.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.