NABL

Congress could pass legislation authorizing advance refundings and liberalizing private activity bond restrictions to aid in disaster recovery, NABL said.

Bond lawyers will recognize the late Jim Lebenthal and Lewis Horne with awards next month, as well as Virginia "Gigi" Benjamin.

As the dust settles on the SEC's 15c2-12 announcement, questions loom about how difficult it will be to implement.

The SEC's Investor Advisory Committee's vice chairman is Elisse Walter, the former chairman and commissioner of the SEC who was most responsible for the commission's 2012 Report on the Municipal Securities Markets that suggested some of these muni reforms.

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

NABL favors shortening to seven from 14 days the advance notice requirement for a public hearing about the issuance of PABs.

Analysts have noticed a definite hesitance of issuers to talk to them one-on-one and blame the MSRB's market advisory warning issuers against revealing material information to select investors.

The 29% tax exposure rate is up for a readjustment because the new tax bill slashed the corporate tax rate to 21% from 35% and also lowered individual tax rates.

John Cross, the Treasury Department's associate tax legislative counsel, said the existing tax rules are clear on advance refundings of taxable debt.

The plan would expand flexibility and broaden the uses of tax-exempt private activity bonds.