Washington DC

Assured Guaranty and two other bond insurers recently petitioned the Supreme Court to review an appellate court ruling involving the Puerto Rico Highways and Transportation Authority’s special revenue bonds.

The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.

The first opportunity for repeal of the SALT cap prior to its December 2025 sunset date would be in early 2021 if Democrats can gain majority control of both chambers of Congress as well as the White House in the November 2020 election.

The legal teams for Baltimore and Philadelphia asked the court to reject the banks’ plausibility argument as well as their claim that the suit is barred by a four-year statute of limitations.

Ernesto Lanza will be leaving his position at Clark Hill to go to the SEC's Office of Municipal Securities, sources said.

The exposure draft, Replacement of Interbank Offered Rates, proposes removal of all inter-bank offered rates as an appropriate benchmark interest rate effective for reporting periods beginning after Dec. 15, 2020.

Only Florida and Louisiana remain among the sales tax states that have not enacted laws to require remote collection to reap the benefit of the June 2018 Supreme Court ruling in Wayfair v. South Dakota.

At the SEC's invitation, Bond Dealers of America submitted a proposed framework for an exemptive order aimed at muni advisors on private placement deals.

The debate between buy-side analysts and issuers and their underwriters flared up during a panel discussion at The Bond Buyer's California Public Finance Conference.

New MSRB Chair Edward Sisk will start in his new role on Oct. 1.

The judges appeared to reject the separate argument that passenger rail projects constitute an ineligible use of the PABs which are meant for highway use.

The Municipal Securities Rulemaking Board is reviewing its size and the composition of its board, and projects an operating deficit for the coming year.

Bank holdings in municipal securities continue to decline, as retail investors and mutual funds increase their holdings.

Bipartisan legislation to streamline TIFIA has been introduced in Congress by two Texans.

States and cities have begun to factor climate risk into budgetary and other planning.

Montebello Unified School District allegedly defrauded investors in the sale of $100 million in general obligation bonds.

The New York-based firm mismarked 90% of its municipal securities trades, FINRA found.

Amending the law that established an oversight board for restructuring Puerto Rico’s debt looks like a tall order.

As gas taxes seem less plausible as a source of infrastructure funding, many are looking for alternate funding options.

Attorneys for Indian River County, the Department of Transportation and Virgin Trains will appear before the U.S. Court of Appeals for the District of Columbia.