BDA

Municipal market participants are increasingly skeptical that an infrastructure bill will pass this year.

Data from a Municipal Securities Rulemaking Board report released Wednesday showed a continuing decline in the number of dealers.

Bond Dealers of America members said they have spent an average of more than $17 million on regulatory costs since the beginning of the 2008 credit crisis.

“State, local governments and their constituents need Congressional help," BDA said in new testimony.

The MSRB plans to roll out changes to simplify the submission process on EMMA.

Longtime muni lobbyist Michael Decker will now have a working relationship with Bond Dealers of America.

The Bond Dealers of America pushed for legislative support of the muni market during a Capitol Hill briefing Tuesday.

The groups believe the MSRB cast too wide a net to non-syndicate dealers in its January draft guidance.

All four industry groups that submitted comments on the proposed rule requested a continuation of the practice that allows remarketing reissuances at a premium.

Michael Decker has been managing director and co-head of municipal securities at SIFMA since October 2009.