With the federal stimulus package passed, Kentucky Congressman John Yarmuth says banking regulation will be the next major issue before the House.
The 3rd District Representative says Congress will work on new ways to oversee the use of federal bailout funds. One of the more popular options, he says, is the creation of a central agency or committee to provide oversight.
“That’s one thing that’s being talked about is a new regulatory body that would make sure that any financial instrument that is offered to the public meets certain guidelines, capitalization guidelines and so forth,” he says.
Yarmuth says he also hopes the House will begin working on health care reforms for 2010.