Sarah Wynn

Chao tweeted her resignation on Wednesday following violent turmoil in the U.S. Capitol.

Ross expects 2021 to be another challenging year and plans to work vigilantly with other muni market stakeholders.

Sources expect funding to be put to use quickly compared to the CARES Act since many cities since stood up programs to provide pandemic related aid to households and small businesses.

Lynnette Kelly started new positions at the Financial Accounting Foundation and at the Milken Institute.

Sources say pricing of bonds will be a prevalent issue in 2021 following comments made by bipartisan SEC commissioners.

The program has drawn comparisons to the Securities and Exchange Commission's MCDC.

The MSRB is planning to overhaul existing rules in 2021, while stakeholders will lobby the SEC for and against reviving a registration exemption for muni advisors.

Republican Commissioner Elad Roisman was named SEC acting chair and is unlikely to push any major initiatives in his short time, but he does have a focus on fixed income markets.

Sen. Charles Grassley of Iowa's ask seems unlikely given that tax law originates in the House and incoming President Joe Biden's proposals to increase taxes.

Sources see ways to get more investment in infrastructure with municipal bond provisions, but bipartisanship will be essential.