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Mr. Bernanke's comments were made as Congress edged closer to completing action on revamping financial rules, and subjecting the Fed to more oversight.
"The goal for completing action on this important legislation should be as close to Jan . 20as possible," said an e-mail message from Senate Majority Leader Harry Reid's office to senior Senate Democratic staff members.
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The deadline for grant applications was 15 January, one day before Congress completed action on a 2014 spending bill covering the entire federal government.
Mr. Reid hopes to complete action on the conference report before the end of the week.
The Congress has failed to complete action on the bill, he said.
Industry executives said Congress could complete action on legislation before leaving for recess in the fall.
It must press Mr. Maliki and the Parliament to complete action on this legislation this year.
The debate over Mr. Ashcroft's nomination continued as the Senate worked to complete action on other nominees.
Republicans had wanted to complete action on Mr. Ashcroft's confirmation this week before lawmakers leave for a weekend retreat.
The International Monetary Fund, meanwhile, turned the focus on governments, urging them to complete action on a new bailout fund.
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