WASHINGTON - Rep. Jim Leach, R-Iowa, and Rep. Henry Gonzalez, D-Texas, introduced legislation yesterday that would repeal the so-called Tower amendment, the 1975 law that bars federal regulators from requiring disclosure from issuers of municipal bonds.

The legislation, aimed at stemming reported abuses involving political contributions, also would require underwriters, bond counsel, and broker-dealers to disclose political contributions.

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