Federal prosecutors and regulators may be trying to take a tougher stand on financial reform issues these days. But not the House of Representatives, according to Eric Lipton and Ben Protess of the New York Times.

“The House is scheduled to vote on two bills this week that would undercut new financial regulations and hand Wall Street a victory,” they report. “The legislation has garnered broad bipartisan support in the House, even after lawmakers learned that Citigroup lobbyists helped write one of the bills, which would exempt a wide array of derivatives trading from new regulation…”

“’The House is the odd man out in terms of doing Wall Street’s bidding,’ said Marcus Stanley, policy director of Americans for Financial Reform, a nonprofit group critical of the financial industry. ‘They’re letting Wall Street write the law to its own benefit in ways that harm the public.’”