Main | Thursday, March 08, 2012

Barney Frank Benched In House Spat

Talking Points Memo reports:
House GOP Leaders are pushing a modest, but bipartisan bill called the JOBS Act, which includes a handful of measures with broad support in both parties. One measure in that bill would quadruple the number of shareholders that can invest in local banks. Republicans credit Rep. Ben Quayle (R-AZ) for drafting this portion of the legislation, but the real legwork on the issue was done in the Financial Services Committee — of which Frank is the ranking member — by Reps. David Schweikert (R-AZ) and Jim Himes (D-CT). On Wednesday, Frank called out the House GOP leadership for purloining that measure, slapping Quayle’s name on it, and handing him the credit.

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