Washington DC

Immediately after signing a $70 billion reconciliation bill into law, President Trump began pushing for a third reconciliation package.

"I would say we were pleasantly surprised that there aren't mandates that are laced in this proposal," GFOA's Emily Brock said.

The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.

As budget reconciliation finally moves past the Senate, Aggie bond advocates are reintroducing the Modernizing Agricultural and Manufacturing Bonds Act.

Regulators may be questioning "whether these trading accounts are really institutions or whether they function like an unregistered broker."

Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.

"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.

The bill promote private capital and public-private partnerships as part of the financing process.

Ed Fierro, a partner at Bracewell, said "making any changes to the rule is a very lengthy process."

Issuers are watching Washington D.C. gearing up for a water bill reauthorization, along with decisions on state revolving funds, appropriation levels and the future of WIFIA.

TIFIA and RRIF programs were slightly expanded and airport authorities will now be able to apply for CRISI grants.

Ormonde said a significant portion of his practice will remain focused on California tax matters even as he works with colleagues across the firm's SALT team.

A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.

The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.

After months of hard-fought negotiations, the House Transportation and Infrastructure Committee's version of the surface transportation reauthorization is out of the gate.

The SEC's reversal "is a very significant change," said Paul Kisslinger, a partner at Barnes & Thornburg.

House Transportation & Infrastructure committee leaders released the long-awaited bipartisan bill Sunday night.

The $6 billion federal loan for the West Coast bullet train would set a bad precedent, opponents told the Department of Transportation.

The SEC is now focused on "quality of cases versus quantity," the SEC chairman said during a discussion held as part of the 2026 FINRA Annual Conference.

The authority is also seeking legislation that would allow it to issue revenue bonds backed by $1 billion in annual cap-and-invest revenue.