WASHINGTON —  Two prominent industry groups are raising strong objections to draft changes the Municipal Securities Rulemaking Board proposed for its Rule G-37 on political contributions that would require dealer-affiliated banks and bank holding company political action committees to disclose the contributions they make to issuer officials.

In separate comment letters, the Securities Industry and Financial Markets Association and the ABA Securities Association, an affiliate of the American Bankers Association, argued the MSRB does not have the jurisdiction over PACs that are not controlled by municipal dealers, even if those committees are controlled by bank holding companies affiliated with them.

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