Washington

The full Senate is expected to take up the Puerto Rico bill passed by the House and vote on it before the end of the month or in early July.

Road projects in Illinois are imperiled by lawmakers' failure to reach accord with Gov. Bruce Rauner on fiscal 2017 state budget.

The House Appropriations Committee on Thursday approved a fiscal 2017 appropriations bill that would reduce funds for the Internal Revenue Service, the Securities and Exchange Commission and the District of Columbia.

The Securities Industry and Financial Markets Association is urging the Securities and Exchange Commission to amend its Rule 15c2-12 on municipal bond disclosure and provide more guidance in this area.

South Carolina Gov. Nikki Haley gave her assent to a bill authorizing $2.3 billion of revenue bonds for highway projects.

The Internal Revenue Service should do more targeted than random audits to reduce burdens on issuers and improve compliance amidst strained resources and staff, an advisory panel recommended.

The full House is expected to vote today on a bill designed to help Puerto Rico after the House Rules Committee set the table for the bill's consideration during a lengthy hearing that stretched into Wednesday night.

Voters in Wake County, N.C., will decide in November whether to approve a 0.5% increase in the local sales tax to fund a 10-year, $2.39 billion transit plan to reduce highway congestion in the Raleigh area.

The U.S. Department of Transportation has received 585 applications seeking $9.3 billion of Transportation Investment Generating Economic Recovery (TIGER) grants – almost 19 times more than the $500 that is to be awarded later this year.

Lawyers with Orrick, Herrington & Sutcliffe are concerned about a ruling by a federal appeals court last week that found a constitutional challenge to the Securities and Exchange Commission's use of administrative proceedings to impose penalties in enforcement cases could not move forward until the proceedings end.

Senate Finance Committee chair Orrin Hatch, R-Utah, is concerned some private nonprofit museums may be exploiting their tax-exempt status and not providing enough public benefits.

Norton Rose Fulbright announced today that 18 members of Sidley Austin's public finance practice will be transferring to the firm as part of a change that includes opening a new San Francisco office.

The District of Columbia Council this week approved its $13.4 billion fiscal 2017 budget this week, despite Republican House members calling any such move unconstitutional.

Muni market groups are resoundingly saying "no" to the Municipal Securities Rulemaking Board's question of whether it should require municipal advisors to disclose information about their issuer clients' bank loans or privately placed municipal securities.

Bill proposed by Sen. Deb Fischer, R-Neb., would authorize five P3s to finance and build VA medical facilities and cemeteries.

President Obama is threatening to veto legislation approved by the House that would effectively block the District of Columbia from achieving budget autonomy and home rule.

Oregon panel says state needs an additional $964 million per year to maintain and protect its existing transportation infrastructure.

House Appropriations Committee adopted a proposal to increase highway and transit funding by $1.25 billion in 2017.

State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.

Four port authorities and a wholesale electricity provider are warning that rules proposed by the Treasury Department and Internal Revenue Service earlier this year could hurt their standing as political subdivisions and their ability to issue bonds as well as complicate their governing structures.