WASHINGTON - The chairman of the House subcommittee that oversees the municipal securities market said yesterday he will probably introduce legislation to force the market to beef up its lagging disclosure practices and correct other major problems.

"I think there is a very high probability that this subcommittee will be legislating in this area," said Rep. Edward Markey, D-Mass., chairman of the House Energy and Commerce Committee's subcommittee on telecommunications and finance.

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