WASHINGTON - The House Financial Services Committee yesterday approved an expansive "oversight agenda" for this year and next that includes examination of a number of municipal market-related issues and could lead to legislation in some cases.

The 24-page agenda calls for the committee to examine the need for regulation of independent financial advisers, improvements or other changes to muni disclosure requirements, and federal participation in the municipal bond or reinsurance marketplace. The committee also said it will monitor the fallout of the collapse of the auction-rate securities market.

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