Financial Regulation

Banking Bill Coming This Week

Rep. Barney Frank, the chairman of the House Financial Services Committee, may introduce a bill as early as this week to help the government seize the assets of troubled banks, fire bosses, and alter the terms of existing loans held by financial institutions, an official told The New York Times Sunday. Treasury Secretary Tim Geithner is expected to endorse the changes Tuesday. “These changes will impose market discipline on the largest and most interconnected companies,” a Treasury official said.