Washington DC

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.

There’s not much difference in the criteria S&P Global uses to rate general obligation debt issued by cities and GO debt issued by states.

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.

“We know the importance of working together,” said Rep. Greg Stanton, D-Ariz., a former mayor of Phoenix.

Wyden said his clean energy bill would replace a hodgepodge of 40 temporary tax credits.

The PFC is capped at $4.50 and that hasn’t been raised since 2000.

The $1.9 trillion American Rescue Plan includes $350 billion in direct state and local aid.

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.

The three-pronged Local Infrastructure Financing Tools Act was introduced Friday by Rep. Terri Sewell, D-Ala.

Two competing congressional bills propose different political paths for Puerto Rico to follow.

A case settled this week was the first brought in decades by FINRA for a rule violation on quotations.

Statehood for the District of Columbia continues to face a Republican roadblock in the Senate where a 60-vote supermajority is needed for passage.

The agenda includes discussion of possible changes to MSRB Rule G-10, on investor and municipal advisory client education and protection.