Munis

Muni issuance will pick up next year, said George Friedlander, managing partner of Court Street Research Group.

The proposed legislation formally allows certain but not all taxpayers to have access to their IRS audit case file prior to dispute resolution hearings, ending the requirement to file a request under the Freedom of Information Act.

The MSRB said the paper was prompted in part by the tax law's prohibition on advance refundings and the fact that interest rate swap rules intersect with the board's rules for municipal advisors.

With the deep cut in the corporate tax rate and rising interest rate, banks are rethinking their investments in municipal securities.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

Concerns about Trump's infrastructure plan and the president's proposal to eliminate TIGER grants surface at Senate Commerce Committee panel hearing.

The Municipal Securities Rulemaking Board must conduct a test of its business continuity and disaster recovery plans at least once every 12 months.

A fourth-quarter surge in municipal bond issuance spurred by tax reform led to the largest market in years.

The subsidy payments for direct-page bonds are claimed using IRS Form 8038-CP, which is a "smart form" designed to prevent entry errors.

A sweeping bank regulatory bill under debate in the Senate is very close to achieving something the muni market has been fighting for since 2014: the inclusion of municipal bonds as high-quality liquid assets.