GFOA

Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.

Groups representing dealer firms and issuers both weighed in positively Monday evening after the Fed’s afternoon decision that it will expand its Municipal Liquidity Facility in both scope and duration.

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.

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.

Members of the Public Finance Network sent a letter to Congress urging restoration of advance refunding for tax-exempt bonds.

The submission calculator received criticism from issuers and analysts with some saying it isn't ready for "prime time."

House Democrats want restoration of Build America Bonds and advance refunding for municipal bonds to be key parts of their infrastructure plan.

Members of GFOA’s Debt Committee agreed Monday to form a working committee that will publicize the issues involved in the transition among the organization’s more than 21,000 members.

Municipal bond issuers say investors, analysts and regulators should narrow down the information they are looking for in their push for more disclosure.

The Financial Accounting Foundation stirred controversy among public finance groups earlier this month when it indicated the next GASB chairman will not have government service as part of his background.