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House Passes Banking Reform Bill

Only Available in Archive Formats.
House Passes Banking Reform Bill

House Passes Banking Reform Bill

House Passes Banking Reform Bill

Only Available in Archive Formats.

— NPR's Steve Inskeep reports on House passage last night of a bill that would fundamentally change the nation's banking laws for the first time since the Great Depression. The banking reform bill passed the House by a single vote, 214-to-213, and now goes to the Senate, where its prospects are considered poor. The legislation would allow banks to sell insurance or stocks and insurance companies to go into the banking business.

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