WASHINGTON -- Two key House members may call for regulations that would require state and local governments to declare at the time of a bond offering whether they were coerced into naming a bank as underwriter of their bonds.

The two congressmen also may seek a provision that would require banks to honor a "cooling off" period during which they could not extend credit to an issuer whose securities are being underwritten by the bank's securities affiliate.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.