WASHINGTON -- It was a shot across the bow of the municipal bond market.

The warning, which could spell trouble for the market on two fronts, came last week when Rep. Pete Stark, D-Calif., told a hearing that an ill-fated House plan to ease the $150 million cap on the amount of bonds that 501(c)(3) health care organizations, other than hospitals, may have outstanding at one time "is a step down the wrong course."

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