U.S. lawmakers to reconsider bank tax for regulation bill

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WASHINGTON (Reuters) - U.S. lawmakers negotiating the final regulation bill will meet later on Tuesday to find an alternative to taxing large financial firms to pay for the bill's implementation, two sources familiar with the matter said.

Lawmakers may propose using funds from the $700 billion bank bailout fund and banks' deposit insurance fees, one source said. If lawmakers agree to a proposal being crafted by Senator Christopher Dodd, the House will vote on the final regulation bill on Wednesday, another source said.

Lawmakers are expected to meet at 2 pm on Tuesday.

(Reporting by Kevin Drawbaugh, Kim Dixon, Karey Wutkowski, Rachelle Younglai, Editing by Chizu Nomiyama)