WASHINGTON - Opposition on Capitol Hill is mounting to a Securities and Exchange Commission proposal to bar public companies from hiring the same accounting firm for both auditing and consulting.

Ten members of the Senate Banking Committee from both parties, including Sen. Rod Grams, R-Minn., and Sen. Charles E. Schumer, D-N.Y., urged SEC Chairman Arthur Levitt in a letter released Thursday to extend the public comment period until Feb. 1 so the plan can be studied further.

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