
Sarah Wynn covers securities and infrastructure for the Washington bureau.

Sarah Wynn covers securities and infrastructure for the Washington bureau.
Passage of the bill Thursday authorizes programs to receive funding, though money would still need to be appropriated through an appropriations process or a comprehensive infrastructure bill.
SEC Chair Gary Gensler's pick for enforcement director resigned just days after being announced.
More and more investors are becoming interested in social impact bonds, though historically Black colleges and universities are paying higher underwriting fees.
The broker exercised discretion in seven customer accounts despite Morgan Stanley no longer allowing discretionary trading.
The MSRB will retire 15 pieces of guidance, though those will still be available online for historical purposes.
The board had planned to abolish the requirement that MAs advising on competitive deals apply for CUSIP numbers, but has now decided to keep the rule as is.
The bonds would include a subsidy rate of 28% and would be exempt from sequestration.
The new director will be familiar with pay-to-play enforcement and public accounting fraud, which are important in the muni space.
Though Republicans and Democrats are far apart on the price tag, there is agreement on the need to invest in physical infrastructure and the need to pay for it.
The PFC is capped at $4.50 and that hasn’t been raised since 2000.
A group of GOP senators is working to put together a more traditional infrastructure bill that would range from $600 to $800 billion dollars.
His departure comes as lawmakers are working quickly to put together an infrastructure bill, with hopes of including key municipal bond provisions.
A VMT fee was also the consensus way to pay for infrastructure during a Senate EPW Committee hearing on Wednesday.
A case settled this week was the first brought in decades by FINRA for a rule violation on quotations.
The agenda includes discussion of possible changes to MSRB Rule G-10, on investor and municipal advisory client education and protection.
Instead of trying to spend more within traditional programs, the federal government should design more modern policy, Brookings experts said.
If an infrastructure bill does go through a partisan route, municipal bonds’ future could be very fluid.
Over the weekend, prominent senators criticized President Biden's infrastructure plan, with some more moderate senators' votes hanging in the balance.
Recent one-time funds from the American Rescue Plan Act and higher-than-projected revenues for many states are in many cases being put into infrastructure.
Municipal bond provisions were not mentioned, but stakeholders expect those details to be hashed out in what is likely to be a protracted battle in Congress.