The House approved new financial regulations, but Senate leaders postponed a vote on the bill, preventing the landmark legislation until at least mid-July.
The House approved new financial regulations, but Senate leaders postponed a vote on the bill, preventing the landmark legislation until at least mid-July.
Lawmakers had originally wanted to impose a fee on banks with more than $50 billion in assets and hedge funds with more than $10 billion in assets. Instead, the final bill offsets costs by ending the government's bank bailout program, known as the Troubled Assets Relief Program, ahead of schedule and using leftover money to pay for the financial regulatory bill.
The conference committee also approved a measure raising premiums paid by banks to the Federal Deposit Insurance Corp.
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