The Municipal Bonds for America council is planning a “virtual fly-in” for Steering Committee members starting this Friday. As infrastructure continues to move on Capitol Hill, members will have the opportunity to discuss these key muni priorities with DC decision-makers in the House, Senate, and in the Administration: Restoration of tax-exempt advance refundings; Expansion of…
Author: Bond Dealers of America
BDA Statement on HBCU Financing
BDA today filed a written statement with the House Financial Services Committee Subcommittee on Oversight and Investigations in the context of their hearing this afternoon on “Examining the Role of Municipal Bond Markets in Advancing – and Undermining – Economic, Racial and Social Justice.” We focus our statement on financing for Historically Black Colleges and…
The Washington Weekly – Bonds Remain in Focus
As Congress reconvened from a 2 week Easter recess, private infrastructure squabbles turned public, likely ending any existing hope for a serious bipartisan push. While arguments boiled over on size and scope, House Ways and Means Members were busy drafting financing language for the eventual bill, with an emphasis on bonds, and the Senate was…
Bipartisan Senate Direct Pay Bill to be Introduced Today
This afternoon, Senators Roger Wicker (R-MS) and Michael Bennet (D-CO) are expected to reintroduce the American Infrastructure Bonds Act, a bill that would create a new direct pay taxable bond in the mold on the Build America Bond but exempt from sequestration. Similar legislation was introduced in the House last week, the Lift Act,…
Direct Pay Bonds Remain in the Spotlight
Following the release of the LIFT Act municipal bond financing package and the continued momentum towards a robust infrastructure bill, this morning Politico Pro produced a spotlight piece on bonds, specifically a BABs revival which remains a priority for the MBFA and BDA The article can be viewed here. The Politico piece tracks closely to recent…
McGuireWoods joins BDA
I’m pleased to announce the newest member of the BDA, McGuireWoods. Founded in 2008 by 14 firms, the BDA now represents over 100 firms headquartered nationwide and is the only DC-based association for dealers and banks active in the US bond markets. The addition of the legal and regulatory teams at McGuireWoods makes the BDA a…
Bonding Time Podcast – Credit Analysis with Tom Kozlik
This installment of Bonding Time featuring Tom Kozlik of Hilltop Securities discusses the positive outcomes from extensive federal infrastructure and state and local stimulus investment, creating a potential “golden age of public finance.” Bonding Time will continue to feature a selection of market experts to discuss the current state of the municipal market combined with Federal legislative and…
President Biden to Host Lawmakers for Infrastructure Discussion
Later today, President Biden is expected to host a bipartisan and bicameral group of lawmakers to discuss infrastructure and the potential for legislation this year, the second meeting of this kind in April. Of note for today’s meeting is that all lawmakers invited were former Mayors or Governors, a sign that the Biden Administration is…
Rep. Terri Sewell to Introduce a Bill to Reinstate Advance Refundings, Other Priorities
We expect that later this morning Rep. Terri Sewell (D-AL) will introduce the “Local Infrastructure Financing Tools (LIFT) Act.” The bill will include several BDA and MBFA priorities, including: Reinstate advance refundings as they were in pre-2018 tax law. This provision would take effect 30 days after the date of enactment. Expand bank-qualified bonds. The…
“BONDING TIME” podcast – Diversity, Equity & Inclusion in Financial Markets
NOW Available: Diversity, Equity & Inclusion in Financial Markets with Leo Harmon of Mesirow How deliberate and intentional is not equal to a quota system How diversity = profitability Industry progress and what’s needed How to initiate a DE&I program at your firm Leo Harmon Senior Managing Director, Chief Investment Officer, Portfolio…