clipped from: www.cqpolitics.com House leaders will likely form a select committee to explore a rewrite of the regulatory structure that governs the financial industry, Rep. Barney Frank , D-Mass., said Tuesday.
“I think that’s probably going to happen,” said Frank, chairman of the Financial Services Committee, during a break in a hearing by the panel.
Frank said the leaders of his committee — as well as those from the Oversight and Government Reform, Agriculture and Ways and Means panels — would be among the members of such a committee.
“The one thing I’m determined to do is not fight about turf,” Frank said.
The issue of a select committee came up as Democrats and Republicans on the Financial Services panel began staking out their positions and probed financial experts on an expected regulatory overhaul.