WASHINGTON -- Broad legislation aimed at reforming the government securities market was introduced yesterday by two key members of a House panel studying reauthorization of the Government Securities Act of 1986.

The bipartisan bill is aimed at ending the "regulatory isolation" of the government securities marketplace in the wake of the Salomon Brothers scandal, said the two sponsors, Rep. Edward Markey, D-Mass., and Rep. Matthew Rinaldo, R-N.J.

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