Washington DC

“This is a work in progress,’’ said Rep. Jackie Walorski, R-Ind.

Already facing the potential loss of several key financing tools and a 20% corporate tax rate that would cheapen the relative value of tax-exempt munis, there could be even more pain in store for the municipal market when the Senate weighs in.

The House Ways and Means Committee begins deliberations on the 429-page tax reform bill noon Monday.

The bill, which calls for the elimination of advance refundings, private activity bonds, tax credit bonds, and tax-exempt stadium bonds, would shrink the municipal market despite preserving the tax-exemption on muni bond interest.

The proposal would provide an array of tax breaks and incentives for disasters dating back to 2012.

Rep. Richard Neal said Democrats will not have had time to review the House GOP tax reform bill.

A SIFMA official testified about muni regulatory concerns of dealers.

Pro Publica found a similar plan for Hawaii publicly posted on the Internet.

VRDO rate resets and filings of continuing disclosure documents were also down quarter-over-quarter.

Public power providers can apply through June 19, 2018 to issue a total of $379.5 million of New CREBs.

Rep. Mike Kelly, R-Pa., plans to propose PABs for public buildings as part of tax reform

Republicans in California fail to join those in New York and New Jersey to protect SALT deduction.

San Diego, having established the gold standard for disclosure on its website, finds the market now uses EMMA as the primary source of information.

New York and New Jersey House Republicans failed to attract sufficient allies Thursday in an attempt to preserve the SALT deduction.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

Tax bill-writers may include keeping the deduction for property taxes.

Budget Director Mick Mulvaney said disaster aid won't be used to bail out Puerto Rico’s bondholders.

Uncertainly remains over whether any changes will have a lasting impact, according to Jessica Giroux.

Panelists at SIFMA's annual meeting see the federal government making changes to grant programs and PABs for infrastructure.

House Ways and Means Committee Chairman Kevin Brady wants a tax reform bill on Trump's desk by the year's end.