WASHINGTON - Legislation that would permanently extend the Treasury's authority to regulate the government securities market was quickly approved by the Senate last week.

The bill, sponsored by Sen. Christopher J. Dodd, D-Conn., was passed unanimously late Thursday. A rival House measure with tougher provisions for securities dealers, sponsored by Rep. Edward J. Markey, D-Mass., is snarled in a dispute with Banking Committee Chairman Henry B. Gonzalez, D-Tex.

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