Washington DC

Alan Skelton previously served as state accounting officer for the state of Georgia, a position that is equivalent to state comptroller in other states.

The Municipal Securities Rulemaking Board is requesting comment on requiring more written disclosure from solicitor municipal advisors, which make up just 19% of all MA firms.

Highlights of that aid include $3 billion for K through 12 schools, $308 million for childcare, and $370 million for rental, mortgage, and homeless assistance.

Advocates for state and budget officials say there is enough ambiguity in the legislation to warrant guidance from the Treasury Department.

The legislation is likely to end up as part of a larger infrastructure bill.

The pair of unregistered brokers will pay over $2 million in civil penalties.

Although all of the proposals have some bipartisan support in Congress, the extent of that support remains unclear.

In two municipal bond transactions, Aegis Capital Corp. sold to its customers at prices that were 40% higher than the market rate.

Bank holdings of municipal bonds increased by 9% in 2020 compared to 2019, according to a new Federal Reserve report.

The Securities and Exchange Commission has increased its focus on climate change disclosure in the corporate market.

The House voted 220-211 to approve Senate-passed amendments midday Wednesday.

A consildated effort is needed for better transparency of pricing in the municipal market, especially for retail investors.

Thousands of references to the acronym were removed from the Government Finance Officers Association website.

The creation of the Municipal Liquidity Facility helped not only eligible entities but also those left out of using the program.

There is no deadline for local governments or states to spend the money, with much it expected to be put to use quickly.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

A new GFOA advisory said the International Swaps and Derivatives Association has developed “more robust fallback language to specify the rate to be used upon a Libor cessation.”

Trade volume increased by just 4% compared to 2019 following a volatile year for munis.

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.