WASHINGTON–The economic problems created by poor regulation of the bond insurance industry are evidence that optional federal chartering of insurers may be needed, a key House subcommittee chairman said yesterday.

Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets Subcommittee of the House Financial Services Committee, made his comments in a signed article in a Capitol Hill newspaper. He aired his views in advance of a Thursday hearing dealing with state oversight of bond insurers.

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