Congress sensibly ignored the call for regulatory legislation.
The regulatory legislation is a top priority of the Obama administration, which endorsed the House bill.
"Not everybody on Wall Street agrees with the financial regulatory legislation.
The Republicans, who won control of the House, have portrayed such regulatory legislation as an energy tax.
But finfish aquaculture in federal waters has been delayed by, among other things, the slow progress in the Congress of regulatory legislation.
If such regulatory legislation passed by Congress included a Reagan Biomedical Research Initiative at N.I.H, President Bush should feel comfortable in signing it.
Neither of the two versions of regulatory legislation now being reconciled in Congress requires last year's stress tests to be repeated.
Senator Christopher J. Dodd, Democrat of Connecticut and the primary author of the regulatory legislation, opposed both proposals on rating agencies.
The initiatives were adopted as amendments to the sweeping financial regulatory legislation that Senate Democratic leaders hope to complete next week.
Diana Farrell, the deputy director of Mr. Obama's National Economic Council and another architect of the regulatory legislation, will leave at the end of the year, they said.
In addition, the Senate version of the regulatory legislation would create a second vice chairman's position at the Fed, to focus on regulation.
