OTHER NEWS

Bill Gives Treasury Greater Role in Policing Securities Market: A bill that imposes stricter rules on sales practices and record-keeping of government securities brokers and dealers was approved by the House after passing the Senate. The votes clear the way for President Clinton to sign the bill into law after the Thanksgiving recess. The legislation will give the Treasury power to write permanent record-keeping rules for government securities dealers, including banks. A bill passed last year extended that oversight for only five years.

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