WASHINGTON - The Municipal Securities Rulemaking Board yesterday issued draft amendments to its Rule G-37 that would require banks and bank holding companies to disclose on a quarterly basis the contributions that their political action committees make to municipal issuer officials.

"The MSRB is concerned about the perception that bank and bank holding company PAC contributions could influence the awarding of municipal securities business to bank-affiliated dealers," MSRB executive director Lynnette Hotchkiss, said in a statement.

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.