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The bill won praise from state departments of transportation, which rely on federal funding as they plan major projects that often include tax-exempt financing.

Clayton noted a trend of issuers being advised that information they supply on EMMA is subject to more anti-fraud scrutiny than information provided in other ways.

At its quarterly board meeting last week, the MSRB decided to do away with Rule G-34’s provision that all municipal advisors, whether dealer or non-dealer, have to apply for a CUSIP number in competitive sales.

Fitch Ratings and Moody’s Investors Service issued statements highlighting the short-term positive impact of the deal.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

The bipartisan legislation would increase the bank-qualified cap to $30 million from $10 million, a high priority for several muni market groups.

A growing interest in broadband is drumming up support, though state laws are making it challenging for municipalities to do the deals.

Prominent muni market figures will discuss the content and timeliness of disclosure at an SEC committee meeting next week.

The new letter increases the pressure for federal oversight as the island goes through the long process of rebuilding from the damage caused by Hurricane Maria and reorganizing its debt.

Republican Rep. Tim Burchett of Tennessee touts his bill as “a good example of giving businesses an incentive to lower carbon emissions without forcing it upon them with regulations.”

The budget deal also provides state and local governments with federal funding certainty for the 2020 and 2021 fiscal years.

The MSRB filed proposed Rule G-17 interpretive guidance to the SEC on Tuesday, aiming to streamline underwriters' disclosures to issuers.

Two reports from House staff and the Government Accountability Office paint an unflattering portrait of the executive branch's administration of grant programs that benefit bond issuers.

The report came in advance of a three-day MSRB board meeting on options to enhance transparency and educate investors.

The change would give airports more flexibility and local control to finance major construction projects with bonds.

The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.

This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.

Researchers found many pension plans have already taken significant steps to assure their long-term sustainabilty.