WASHINGTON - The Investment Company Institute, the group that represents mutual funds and other investment companies, is pushing for improvements to municipal disclosure, which it generally considers limited, non-standardized, and stale.

The group believes the improvements are especially needed now that so few bonds are being insured and it would even like to see lawmakers repeal the so-called Tower Amendment, which blocks regulators from requiring muni issuers to file documents with them before selling bonds. But ICI realizes that there is little support for this in Congress at the present time.

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