Fitch in its report “Optional Federal Charter: Will Treasury Support Promote Passage?” stated that “continued strong opposition from several influential constituencies, election-year uncertainties and continued divisiveness in Washington” make passage of OFC legislation unlikely anytime soon. However, the fact that the Treasury Department’s supports "an OFC as part of a larger financial services modernization plan improves the prospects for ultimate passage of this long-debated legislation…making passage more likely than at any point in recent history.”
Further information on the report is available at www.fitchratings.com.