On June 10, 2010, the House of Representatives and the Senate released the base text that they will be working from in trying to reconcile their separate versions of financial reform. The House also issued a press release describing the differences between the new base text and the financial reform bill adopted by the House last year.
The base text preserves the thrift charter going forward (a provision originally found in the House but not Senate versions of reform), but retains the interchange fee amendment, the application of national bank lending limits to state banks, and the Collins amendment excluding trust preferred securities and TARP investments from holding company Tier 1 capital.
The House also published a side-by-side comparison of the original House and Senate versions of the reform bill.