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Washington
Obama Preparing to Offer Revised Transportation Plan
President Obama plans to propose a revised version of last year's $302 billion, 4-year transportation bill.
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Infrastructure
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Sanders Proposes $1 Trillion Infrastructure Bill
Sen. Bernie Sanders, I-Vt., proposes a $1 trillion transportation bill that would put $75 billion a year into the Highway Trust Fund.  more »
Securities Law
Volcker Delay A Plus for Munis
The Federal Reserve Board’s decision to delay certain aspects of the Volcker Rule are a plus for the municipal market, a major rating agency and a dealer group said.  more »
Enforcement
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Allen Park, Mich., Officials Barred from Offerings, Ex-Mayor to Pay $10,000
Two former Allen Park, Mich. officials have settled a Securities and Exchange Commission lawsuit against them by agreeing to be barred from involvement in any future municipal bond offerings, and ex-Mayor Gary Burtka agreed to pay a $10,000 civil penalty, according to court documents filed Wednesday.  more »
Budget & Finance
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S&P Reveals Snapshot Of Bank Loan Market
State and local governments of all sizes are using direct bank loans as an alternative to traditional bond financing, Standard & Poor's said Wednesday, renewing its call for more transparency surrounding bank debt.  more »
Taxation
Groups: IRS Guidance on ACOs is Too Narrow
The Internal Revenue Service's interim guidance on how certain accountable care organizations can be structured to avoid resulting in private business use is limited in its scope, the National Association of Bond Lawyers and the American Hospital Association said.  more »
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Opinion
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Commentary: Puerto Rico's Next Chapter
The Commonwealth of Puerto Rico has a long history of fiscal uncertainty and structural deficits. Responding to decades of general fund deficits in 2014, the rating services lowered the ratings on the Commonwealth’s general obligation credit to below investment grade, or junk status.

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