WASHINGTON — Deutsche Bank Trust Company Americas is urging the Internal Revenue Service to simplify and streamline the direct-pay Build America Bonds program by appointing it as a central administration agent for the program.

In a two-page letter dated Aug. 12 but not released until this week, the company told the IRS that there has not been as much interest as it expected in the BAB program and that hiring it to serve as a go-between for BAB issuers and the federal government may increase the number of muni issuers using the program by making it "more streamlined, transparent, and efficient." The letter was accompanied by an 11-page presentation outlining the company's vision for the post.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.