WASHINGTON -- With time running out, the Senate Finance Committee yesterday approved an extension of the tax exemptions for mortagage revenue bonds and small-issue industrial development bonds through Dec. 31, 1993.

The panel also approved energy legislation containing a House-passed provision to remove investment restrictions on nuclear trust funds, which municipal market participants have warned would curtail demand for municipal bonds. But the committee omitted another House provision that would increase the supply of bank-qualified bonds.

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