Washington

The three state Republican groups will face off against the SEC and MSRB in oral arguments May 4 on whether a federal appeals court should vacate revisions the MSRB made to its rule on political contributions and curbing pay-to-play in the market.

Trump's $1 trillion infrastructure plan will be structured to attract private investors, Transportation Secretary Elaine Chao said.

All Aboard Florida is assuring supporters of the private passenger train project that it will move forward despite the sales of its owner and an affiliate and pending legislation that the company says could jeopardize expansion plans.

Representatives for municipal advisors and dealers wrote to the MSRB saying it must reevaluate its proposed new advertising rule for municipal advisors and its attempts to harmonize its existing dealer advertising rule with Financial Industry Regulatory Authority requirements.

D.C. is appealing the IRS determination of taxability on its bonds while a former IRS official faults the developer and bond counsel for violations of tax requirements.

The move to a shorter settlement cycle for munis of two instead of three business days after the trade date will take effect on Sept. 5.

Subcommittee members heard testimony about the chances for and potential fallout from attempts to renegotiate the PREPA restructuring support agreement as well as what stakeholders have been doing to help the financially troubled commonwealth.

The MSRB responded to market participants comments about a prior draft of municipal advisor continuing education requirements by making several changes and providing more details about the way an MA firm could implement the proposal.

As tax reform is uncertain, it's more important than ever to keep up the good fight for tax-exempt bonds.

President Trump's 2018 budget outline would dramatically cut spending for federal transportation and community development programs.