WASHINGTON -- Investors would have up to three years after learning they may be victims of bond fraud to file lawsuits in federal court under legislation introduced in the House designed to overturn a controversial Supreme Court decision.

That is two years more than under the Supreme Court decision in Lampf v. Gilbertson that was handed down on June 20, which lawyers and advocacy groups representing municipal bond investors say will severely limit bondholders' ability to bring future suits and hamper existing litigation.

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