Campbell and Rep. Peter King (N.Y.) are the two Republican co-sponsors of the bill, and House Financial Services Committee Ranking Member Barney Frank (D-Mass.) and Rep. Ed Perlmutter (D-Colo.) are the two Democrats on the bill, H.R. 1174.
A similar bill sponsored by Frank was approved by the House Financial Services Committee last July, in a 41-22 vote. But now-Chairman Spencer Bachus (R-Ala.) voted against it, as did Rep. Jeb Hensarling (R-Texas), the No. 2 Republican on the committee. Last year, 19 Republicans voted against it, and 12 of them are still on the committee.
Campbell this week recognized that committee passage will be difficult this year, as it will "likely face stiff resistance from Chairman Spencer Bachus."