Mutual fund investors may get a better understanding of fund costs and greater insight into the relationships and possible conflicts of interests of fund management.

House Capital Markets Subcommittee Chairman Richard H. Baker (R-LA), introduced legislation last Wednesday calling for increased disclosure of soft-dollar arrangements and revenue-sharing agreements, as well as expanded information on costs and discounts of a fund. The House Capital Markets Subcommittee is scheduled to hold a hearing on the proposed bill, the Mutual Funds Integrity and Fee Transparency Act of 2003, this coming Wednesday.

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