WASHINGTON - The chairman of the House securities subcommittee said yesterday he is "very seriously" considering drafting legislation that would require municipal bond issuers to provide ongoing disclosure.

But Rep. Edward Markey, D-Mass., chairman of the House Energy and Commerce Committee's subcommittee on telecommunications and finance, suggested he is not currently considering introducing legislation to curb inappropriate political contributions, and will instead carefully watch what actions regulators and the industry take.

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