Regulatory reform

September's bond market news: The Securities and Exchange Commission fines advisors $1.3 million, Trump promotes a U.S. sovereign wealth fund, and more key developments.

The bill, which was introduced Tuesday, is cosponsored by Sens. Catherine Cortez Masto, D-Nev. and Bill Cassidy, R-La.

The council suggested the VCAP program would remain in place for issuers who need a legally binding agreement, but would become the third tier of a system that would offer two simpler options.

The fifth-generation banker, who has already been serving as a central bank governor, was confirmed by the U.S. Senate in a 60-31 vote.

The addition of the conservative pundit could signal the Trump administration's intent to have a more direct hand in central bank policies, yet Moore could experience his own transformation as a Fed governor.

Topics range from policy changes, regulatory developments, and pensions to interest rates, technology, and market opportunities.

The Senate's approval of the Kansas banking commissioner leaves the board with two remaining seats to fill as the administration's nominees for the vacancies await votes.

The Senate is poised to confirm Kansas Banking Commissioner Michelle Bowman to the Federal Reserve Board. But the nominations for the two other open seats are still in limbo.

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

If passed, the Financial CHOICE Act of 2017 would have a widespread ripple effect, as there are muni bond provisions which would hurt enforcement organizations such as the MSRB and SEC.