But there is one major obstacle to overcome. Barney Frank may no longer be the House Financial Services Committee Chairman. Frank tells The Hill “I’m not optimistic”, noting that the cramped House floor schedule does not allow for such a measure to be voted on at this time.
Frank also added that House Committee members have not committed to moving the bill before a lame-duck session. He did say the bill could move to the upper chamber. “There was some discussion over there to step up the pace,” Frank said.
A Senate Democratic aide indicated to the Hill that it is highly unlikely the bill will move before the election. The staffer did say there is a small chance it might move in the lame-duck session as an attachment to a jobs bill.