Lawmakers have met with the Securities and Exchange Commission in recent days and discussed recommendations in the SEC’s July report on the municipal market, the former chairman of the House Financial Services Committee told The Bond Buyer Wednesday.

Rep. Spencer Bachus, R-Ala., who was committee chairman during the congressional session that ended Jan. 3, said the SEC’s report was brought up at a meeting he attended at the SEC last week. Bachus, now the committee’s chairman emeritus, an honorary title that allows him to remain a senior committee member, said concerns were raised during the meeting about lack of sufficient oversight of the municipal bond market by regulators.

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