Serrano Asks P.R. Task Force to Focus on Statehood, Health Care
Congress must allow Puerto Rico residents to vote on statehood and establish parity between the territory and states with regard to health care and tax credits to help the island’s struggling economy and address its fiscal crisis, Rep. José Serrano, D-N.Y., told a task force.  more »
President Obama formally announced the seven members of the oversight board that the PROMESA law established for Puerto Rico, drawing praise from lawmakers and market participants. But the announcement came as Puerto Ricans protesting the oversight board shut down the area around a hotel in San Juan that was hosting a conference on PROMESA. more »
House Judiciary Committee chairman Rep. Robert Goodlatte has floated a draft online sales tax bill that would create a “hybrid origin-sourcing” tax framework for sales of products over the Internet. more »
Congress must work to improve Puerto Rico’s treatment under Medicaid as well as to expand access to tax credits and other federal benefits for the commonwealth, the secretaries of the Treasury Department and Department of Health and Human Services said in a letter on Friday. more »
A district court lawsuit challenging the legality of the District of Columbia’s Local Budget Autonomy Act and D.C.’s push for budget autonomy was reassigned to a new judge last month. more »
Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned. more »
The Congressional Task Force on Economic Growth in Puerto Rico should avoid any changes to the Jones Act while considering various courses of action to help boost Puerto Rico's struggling economy, four congressmen said in a letter to the task force's House members. more »
Administration officials and lawmakers are vetting candidates and rejecting some put forth by Republicans for the Puerto Rico oversight board as the Sept. 15 deadline for naming board members approaches. more »
Two lawyers specializing in Indian tribal financing agree there is a need to put Indian tribal governments on par with state and local governments in their ability to issue tax-exempt financing, but disagreed on the success likelihood of legislation that would establish that parity. more »
Issuance of private activity bonds subject to state volume caps rose for the second consecutive year, according to an annual survey conducted by the Council of Development Finance Agencies. more »
The eight members of a recently named congressional task force on Puerto Rico's economy are soliciting input from both public and private Rico stakeholders as they begin assessing possible federal changes that could help the territory. more »
Instead of subsidizing state and local governments for using tax-exempt bonds, the federal government should increase direct spending programs for states, the Tax Foundation said in a report on tax expenditures. more »
PHILADELPHIA — After the presidential election, the United States may see a "golden moment" to push for increased federal and state spending to fix America's crumbling infrastructure, according to Democratic mayors speaking a policy meeting at Philadelphia on Tuesday. more »
Lackluster investment returns reported by some of the nation's largest public pension funds signal intensifying fiscal pressure on U.S. state and local governments, Moody's Investment Service said Tuesday. more »

Steven Weyl, a Butler Snow attorney who practices in the public finance, tax incentives, and credit markets groups in Boston, joins Chip Barnett to discuss a number of regulatory topics including the bank direct placement market. He also talks about the roles and rules that surround municipal underwriters, advisors, placement agents and bond counsel.

The Municipalities Continuing Disclosure Cooperation Initiative was a particularly imaginative enforcement solution directed toward a very specific disclosure issue.

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