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The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.

The fine for violating MSRB rules was imposed as part of a wider FINRA disciplinary action that saw brokerage firm Calton & Associates fined a total of $75,000.

As the budget reconciliation lurches through Congress towards a vote, the cap on state and local taxes remains a key bargaining chip while data shows state tax revenue declining and an uncertain future for the pass-through-entity workarounds adopted by more than 30 states.

Paul Atkins said he doesn't like regulation by enforcement, a message that broker-dealer groups have spent the last several years longing to hear.

Congress needs to lift limitations on tax-exempt private activity bonds, say transportation advocates.

"We have got to keep the money coming in to transit," said Sen. Elizabeth Warren D- Mass.

The U.S. loses its third triple-A rating as Congress works to pass a massive tax cuts and spending bill.

A deal on the state and local tax deduction cap remained elusive as of Monday morning.

Rising debt and interest payment ratios over more than a decade, to levels higher than other nations', prompted the downgrade, Moody's said.

The committee may take the bill up again as soon as Monday.

As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.

The full legislative package could land on the House floor as soon as next week.

The tax bill is far from a done deal, market participants said.

The hotly anticipated bill from Ways and Means is the first detailed draft and could change as it moves through the legislative process.

The Ways and Means Committee is expected to release the full text, including revenue raisers, ahead of a Tuesday hearing.

Public power energy providers are moving forward with using elective pay to boost investment in nuclear energy while electrifying small town and rural areas.

The municipal bond market may soon get its first glimpse of hotly anticipated tax legislation.

Muni advocates are watching the SALT cap negotiations closely, as the outcome may be influence if other revenue raisers, like axing the muni tax exemption, come into play.

The U.S. Department of Transportation rolls out $3.2 billion via 329 infrastructure grants that will fund more than 3,200 projects that the agency contends were tangled up in red tape and DEI requirements.

Amid deep cuts to public K-12 schools, the proposed budget would boost charter school investment as the administration said "more local school options are needed."