Cox municipal-market initiative gets push from N.Y. representative

08/15/2007 | Bond Buyer (subscription required), The

Rep. Vito Fossella, R-N.Y., is the first member of Congress to back Securities and Exchange Commission Chairman Christopher Cox's push for municipal-market initiatives. Fossella has sought to make municipal-market disclosures more like corporate-bond disclosures since 2003. "Our goal should be to minimize ... risks," Fossella said.

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