Far West

WASHINGTON — The Senate Banking Committee voted 13 to 10 along party lines Monday evening to approve a redrafted financial regulatory reform bill, with Republicans voting against the measure but vowing to work with Democrats on a compromise package before the bill reaches the full Senate for consideration, possibly next month.

WASHINGTON — With the Senate Banking Committee scheduled to begin marking up draft financial regulatory reform language as early as today, market participants are hopeful that lawmakers will be keen to fill potential loopholes in the bill’s provisions calling for the regulation of municipal market advisers.

DORAL, Fla. — An Obama administration official last week said the underwriting fees for Build America Bonds are coming down, and the expectation is that if the subsidized taxable borrowing program was made permanent, they would come down further.

SAN FRANCISCO — The Los Angeles Department of Water and Power’s Board of Commissioners late Thursday approved the first part of a big rate hike to fund the utility’s renewable energy efforts, and approved the sale of $720 million of power revenue bonds.

SAN FRANCISCO — A group of California cities and municipal utilities filed suit last week seeking to disqualify a ballot measure designed to erect barriers to publicly owned electricity providers.

WASHINGTON — The Securities and Exchange Commission issued an unusual report Thursday that showed JPMorgan did not comply with the Municipal Securities Rulemaking Board’s Rule G-37 on political contributions. But the report did not charge the firm with any violation of the rule or recommend any enforcement action.

WASHINGTON — The District of Columbia’s chief financial officer is warning the mayor and District Council members against additional borrowing that would breach the 12% debt-to-expenditures cap.

WASHINGTON — There are 10,000 transportation infrastructure projects under way in all 50 states and the District of Columbia with funding from the American Recovery and Reinvestment Act, Vice President Joe Biden announced yesterday.

DORAL, Fla. — The Treasury Department is “acutely aware” of the importance of the continuity of federal subsidy payments under the Build America Bond program, an official said yesterday.

SAN FRANCISCO — The Los Angeles Department of Airports plans to sell $898 million of revenue bonds next week to finance the rebuilding of the Tom Bradley International Terminal at Los Angeles International Airport.