Washington DC

A group of Democratic states Thursday filed a fresh motion for an injunction, arguing the administration may continue to freeze federal funds despite the recission.

Municipal market advocates plan to use the data to support the case to Congress for preserving the tax exemption.

MSRB Chair Warren "Bo" Daniels stressed the importance of issuer feedback as beta testing for the modernized EMMA website continues.

The ruling came as the White House issued follow-up guidance saying only affect a portion of federal funds would be affected and that the pause could be as brief as a day.

A group of Democratic states as well as a national association representing not-for-profit organizations said they would sue to block the move.

The former U.S. Representative has said he would focus on road safety and cutting red tape.

The lobby trying to protect the tax exemption is working overtime as the threat appears very real.

The SEC's muni office chief stopped short of saying there might be enforcement imminent.

The president suggested federal aid could be sent directly to states instead of through FEMA.

Ongoing work to potentially simplify the new issue disclosure submission process and discussion of dealer supervisory obligations will be among topics on deck at the Municipal Securities Rulemaking Board's upcoming quarterly board meeting.

As Republicans hash out their promised tax package, the debate over the bill's scoring method carries implications for tax-exempt municipal bonds.

The agency's figures represent the most actions filed in their respective periods since at least 2000.

The bill, which would enact on the federal level similar pro-gun legislation adopted by many Republican states, has gained 21 co-sponsors, including Senate Finance Chair Mike Crapo, R-Idaho.

The Municipal Securities Rulemaking Board reported total net assets of $67 million for its fiscal year ended Sept. 30, 2024, up 14% from a year earlier.

President Trump's executive order calling for pausing funds flowing from the Infrastructure Investment and Jobs Act caught the transportation sector off guard.

The tax exemption appears to be in realistic danger as House Republicans seek to offset the cost of extending the Trump tax cuts.

The House document outlining potential policy changes focuses heavily on the healthcare sector to generate savings.

Unfortunately, a vocal minority believes eliminating the longstanding tax exemption on local, state, and municipal bonds is one way to pay for extending tax cuts.

Sources on the Hill indicate that whatever gets cut will come from that list. But that doesn't mean that everything on the list is going to get cut.

The Municipal Securities Rulemaking Board Thursday announced the members of its 2025 advisory groups.