Washington DC

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.

President Biden has gone on record favoring statehood, unlike his predecessor who slow-walked federal aid to the territory in the wake of Hurricanes Maria and Irma.

NACo and the NLC were among 400 groups that sent a letter Monday to senators stating “enthusiastic endorsement” for the $350 billion “in flexible aid."

The use of alternative trading systems is growing, accounting for 21% of all trades in 2020.

A federal appellate court in April 2020 struck down a federal law denying residents of the island eligibility for the Social Security Supplemental Income program for the severely disabled.

Bills to expand the use of tax-advantaged bonds that are being reintroduced in the new Congress have favorable odds for being signed into law this year.

The shift was due mainly to the growth of separately managed accounts and other alternative ways that retail investors get involved in the market.

Senate Majority Leader Chuck Schumer and Sen. Bernie Sanders want a broader infrastructure bill to pass through the reconciliation process while other lawmakers plan a bipartisan push for surface transportation.

Senate Majority Leader Chuck Schumer, D-N.Y., said there’s an agreement among “mayors, governors, and economists from across the political spectrum” that a sizable federal effort is needed.

The case is significant because so many municipal market participants rely on audited financial statements.

The charges against Ricky Mantei stem from allegations of prearranged trading in violation of his firm's established procedures.