GFOA

BDA and GFOA want the Fed to make its Municipal Liquidity Facility more accessible.

Leading Democrats support Mitch McConnell's $250 billion for small businesses and want another $250 million for hospitals and state and local governments.

Public finance advocates are focused on the reinstatement of advance refunding and higher limits on bank-qualified issuance.

In a letter, three issuer groups made specific recommendations to the Federal Reserve and Treasury.

The CARES Act gives the Federal Reserve and Treasury up to 10 days to begin purchasing municipal securities in the secondary market.

Speaker Nancy Pelosi, D-Calif., pledged Thursday the massive spending bill would pass on a voice vote even though some objections were expected during a Friday morning vote.

As COVID-19 impacts the U.S. economy, muni market participants want to bring back tax-exempt advance refunding, raise the cap on bank-qualified debt, among others.

“Anybody who’s having an event between now and May is considering what to do about it,” said Mike Nicholas, CEO of the Bond Dealers of America.

Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.

Rep. Steve Stivers, R-Ohio, is looking to attach tax-exempt advance refunding to an appropriations bill or other suitable legislation.