Congress is going to keep pushing municipal bond market reform in 1995, Edward Markey made clear last week. The SEC and the MSRB won't be permitted to rest, if he has any say. The question is, though, will he have much say?

Edward Markey is a congressman, a Democrat who represents a district just north of Boston, and he is chairman of the House subcommittee that oversees the Securities and Exchange Commission, which in turn oversees the Municipal Securities Rulemaking Board. For the municipal bond market, Markey is arguably the most powerful person in Washington.

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