In a July 18 memorandum to House Speaker Newt Gingrich, Banking Committee Chairman Jim Leach argued that two insurance amendments - one restricting banks and the other permitting expanded affiliations with insurers - should be either accepted or rejected as a single package.

Both amendments were added to a pending regulatory relief bill, HR 1858, and Rep. Leach wants the House Rules Committee, which sets the terms for floor debate, to package the two. Excerpts from the memo follow.

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