1.   By last summer, pressure was mounting on regulators to tighten loopholes that allowed apparent conflicts of interest between analysts and the firms they track.

2.   In effect, that tightens a loophole that made overseas borrowing relatively cheap.

3.   President Clinton and Democrats want smaller changes, such as focused tax credits or tightened business loopholes.

4.   The bill tightens a loophole that currently allows teachers convicted of a crime to continue receiving pay until a disciplinary hearing is complete.

5.   The commission is in the middle of a proceeding aimed at tightening these loopholes.

6.   The players would have agreed to tightening cap loopholes.

7.   The Securities and Exchange Commission and the Securities Industry Association welcomed the report and said they expected to tighten loopholes in the industry.

8.   Agents and players were surprised to learn that a luxury tax was being discussed as one way to tighten loopholes in salary cap rules.

9.   At the meeting, diplomats agreed the council needed to better monitor the sanctions and tighten any loopholes.

10.   But the new rules, drafted by a committee headed by USOC vice president Dr. Ralph Hale, tighten that loophole to the point where it practically disappears.