WASHINGTON - The chairman of a House subcommittee said yesterday that he plans to push pending legislation that would give the federal government a greater role in examining insurance companies and their holding companies, while an insurance industry official urged lawmakers to mandate federal regulations for bond insurers.

Speaking at a hearing on systemic risk and insurance, Rep. Paul Kanjorski, D-Pa., chairman of the House Financial Services capital markets subcommittee, said the federal government should at a minimum create an office of federal insurance within the Treasury Department as part of an overhaul of the nation's financial regulatory system.

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