WASHINGTON - Responding to mounting pressure from regulators, 12 key industry groups yesterday proposed that the Securities and Exchange Commission bar municipal bond dealers from underwriting the bonds of issuers who do not pledge to provide ongoing disclosure.

The groups also proposed, with respect to outstanding bonds, that dealers be required to disclose to investors "any information in their possession" about whether the issuer has committed to provide ongoing information. Dealers also should be required to disclose whether a bond is rated and to disclose the rating, said the groups representing issuers, dealers, analysts, and bond lawyers.

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