WASHINGTON - Sen. Christopher J. Dodd, D-Conn., who has battled for years to limit bank insurance powers, said Tuesday he was seeking an inter-industry compromise on legislation addressing insurance and interstate branching.

Sen. Dodd believes a 1991 bill, which much of the banking industry opposed, reflects "the direction" in which he was trying to move. That bill authorized interstate branching, but set a number of restrictions on bank insurance activities.

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