
Sarah Wynn covers securities and infrastructure for the Washington bureau.

Sarah Wynn covers securities and infrastructure for the Washington bureau.
Fed Chair Jerome Powell told House Financial Services Committee Chairwoman Maxine Waters that the Fed was looking at ways to adjust the Municipal Liquidity Facility to make some additional issuers eligible.
The bipartisan Modernizing Agricultural and Manufacturing Bonds Act would expand the small issue manufacturing bonds and first-time farmer bonds programs.
BNY Mellon Capital Markets failed to submit accurate minimum denomination and maximum interest rate information 54,270 times, FINRA found.
Days before the SEC's regulation best interest goes into place, the SEC approved corresponding changes to muni securities rules.
Rep. French Hill, R-Ark., said the SEC's temporary relief for MAs to facilitate some private placement deals without registering as a broker-dealer should not have been created through exemptive relief.
Despite criticism, the Municipal Securities Rulemaking Board said the calculator will help track the timeliness of secondary market disclosures.
Municipal market participants assume there will be more volatility in the market in the months to come and that the federal government may need to up the ante on some of its current programs.
Municipalities tend to face challenges when calculating their net investment and capital asset calculations, accountants found.
Lawyers say there could be some nuanced changes on how the SEC approaches enforcement if Clayton does leave for the U.S. Attorney job.
The House's Invest In America Act is part of a larger infrastructure package that includes sought-after bond provisions.
Social distancing has some issuer officials questioning how much government infrastructure they need.
The SEC released an emergency order Tuesday that would allow municipal advisors to facilitate some private placement deals, which have seen an uptick during the pandemic.
Primary market COVID-19 disclosures increased to 2,926 filings from 2,529 the week prior. Continuing disclosures increased to 6,107 filings from 5,677.
Municipalities have been counting on another round of stimulus from the federal government.
A water advocacy group asked policymakers to create a muni bond short-note program specifically for water utilities.
Municipalities are making draws on reserves as revenues fall due to the pandemic.
Despite changes made to the Fed's Municipal Liquidity Facility, lawmakers say smaller communities in populous states are left out.
A sticking point for dealers is the MSRB's proposal to reserve two seats on its board for municipal advisors.
The SEC has asked for more timely, voluntary disclosure from issuers of municipal bonds.
Lawmakers stressed the importance to invest in infrastructure as a way for the country to recover from the pandemic.