WASHINGTON - Rep. Ron Wyden, D-Ore., has proposed that negotiated bond issues be reviewed by an independent panel before being offered to the public, in order to lessen the possibility that such deals are being steered to under-writers who make big political contributions.

"It seems to me that if political influence is a concern, an independent review of bond issues prior to offering ought to be a uniform requirement prescribed by federal regulation." Wyden said yesterday in a letter to Securities and Exchange Commission Chairman Arthur Levitt.

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