A trio of municipal bond measures will be considered by the House Financial Services Committee this fall, said Chairman Barney Frank, D-Mass. One measure would increase oversight for municipal financial and swap advisers. Other bills would set up a temporary reinsurance program for insured municipal credits and allow the Federal Reserve to set up a temporary liquidity facility for certain demand obligations. Language regarding rating municipal bonds in a fashion similar to corporate debt also might be up for consideration in conjunction with the other bills.
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