WASHINGTON — The lead House sponsor of a measure to delay the implementation of the Federal Reserve's rule regulating interchange said today that chamber won't take up the measure until seeing what the Senate does first.
"We are watching very closely what's happening in the Senate. It's gong to be very important for the Senate to make that first move, at least on the floor, because they are going to have the steeper hill to climb. I believe," Rep. Shelley Moore Capito (R- W.Va.) said in an interview with Credit Union Times.
Capito, who chairs the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit, said her bill has 59 cosponsors from both parties, but she declined to predict how it would fare if it came up for a vote in the House.
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