WASHINGTON -- Though most capital insiders doubt Congress will act this year to tighten oversight of bank derivatives activities,- House Banking Committee Chairman Henry B. Gonzalez said Thursday that he intends to move legislation to do just that.

"The recent revelation that the Bank of America had to bail out an affiliated money market mutual fund because of derivatives losses at the fund raises questions about the adequacy of the regulatory oversight." the Texas Democrat said at a hearing Thursday.

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