Washington

The proposal to tax interest on out-of-district municipal bonds is a revenue-raising measure, though its path forward is far from certain.

In its first report since 2017 on municipal issuer disclosure, the Municipal Securities Rulemaking Board found that the average audit time has risen slightly since 2018 to 209 days, its highest on record.

Fifteen years after a $9.9 billion bond issue that was to finance a substantial portion of a new high-speed rail line across California, the proposal "has become one of the most troubled megaprojects in the nation," said Sen. Ted Cruz, R-Texas, and Rep. Sam Graves, R-Mo.

The improvements are intended to build on 1999 guidance and governments will be required to comply after June 15, 2025.

The Senate WRDA measure asks the Army Corps to report on best practices and lessons learned with its 10-year-old pilot P3 program.

Over $15 million in utility revenue bonds have been called into question.

As EVs and fuel-efficient cars become more common, states and Congress are eying alternative revenues like road user charges.

The board has knocked out nine pieces of interpretive guidance from its inter-dealer confirmation Rule G-12(c) following comments from SIFMA.

Rating agencies approve of AI-managed infrastructure and trading desks are automating.

A strong project pipeline has P3 advocates hopeful for the future, despite some lackluster recent numbers.