In the House, the bill is in the hands of a banking subcommittee with 47 members.

"Anecdotal evidence does indicate continued underlying strength in manufacturers' new orders and production," Mr. Greenspan told a banking subcommittee, "but we will have a better reading on new orders on Thursday."

That plan, which had been adopted by a banking subcommittee, had been criticized as excessive by the thrift industry.

"He's gotten assurances that he would maintain his seniority and his status in the House, and if the Democrats gain control he would be up for a chairmanship on a banking subcommittee."

But she battles a reputation as a lightweight, as she did in the City Council, and in a recent hearing of a banking subcommittee, repeatedly had to be fed questions by an aide.

Mr. Summers told the banking subcommittee that Japan's economy was operating well below capacity and that its trade surplus continued to rise because of weak demand for imports.

The banking subcommittee is one of several in Congress considering steps to strengthen the current law.

While a banking subcommittee left most of the measure intact, it faces a critical test this month when the Banking Committee decides what provisions to send to the floor.

The legislation being considered by the banking subcommittee would increase the Fed's authority over foreign banks' operations in the United States.

Debate Expected The task force proposals are expected to be debated in a few weeks when the House Banking Committee begins to consider legislation approved by a banking subcommittee last month.