WASHINGTON - House Financial Services Committee chairman Barney Frank and Rep. Gerald Connolly, D-Va., yesterday called for Congress to consider legislation that would require the federal government to provide direct credit enhancement or a guarantee for municipal bonds.

They outlined their proposal during a debate by House lawmakers of a bill that would establish conditions for the second $350 billion portion of the Troubled Assets Relief Program. Frank introduced the TARP legislation on Friday and it is to be voted on today.

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