Today, the Municipal Bonds for America Council (MBFA) submitted testimony following the House Ways and Means Subcommittee on Select Revenue Measures March 11th hearing titled, “Tax Tools to Help Local Governments.” The MBFA testimony can be viewed here. While the hearing covered a multitude of other tax issues, the majority of the discussion focused on municipal…
Author: Bond Dealers of America
White House Infrastructure Details Slowly Emerge
BDA and MBFA Continue to Engage with Hill and Administration Promoting Bonds While nothing has been officially released, details continue to trickle out of the White House on the parameters of a likely $3 trillion spending plan on infrastructure. As part of the Biden Administrations Build Back Better plan, following the passage of COVIDstimulus, infrastructure…
NOW Available – DC Update podcast with Jessica Giroux, NABL
This episode of Bonding Time features a discussion with Jessica Giroux from the National Association of Bond Lawyers (NABL). Topics of Discussion: Prospects of Muni Legislation in the Context of Infrastructure by Fall 2021 NABL and BDA Legislative Priorities for 2021 Creation and Growth of the NABL Government Affairs Committee and the Growing Coordination Between…
The Washington Weekly: House Committee Considers Munis
Last week, President Biden signed into law the American Rescue Plan Act, a robust $1.9 trillion dollar stimulus package that has monopolized the Administrations’s first 100 days agenda. While no muni provisions were included in the final package, the bill did direct $350 billion of unencumbered funding to state and local governments. All indications are…
FINRA Requests Comment on Rule 4210 – Follows BDA Member Recommendations
Today, following extensive work with the BDA and its members, FINRA announced that they seek to comment on proposed amendments to Rule 4210 (Margin Requirements) that would clarify and incorporate into the rule current interpretations regarding when issued and other extended settlement transactions, and provide relief to facilitate the application of the rule to these…
Ways and Means Holds Hearing on State and Local Tax Tools
MBFA to Submit Comments in Support of Muni Priorities The House Committee on Ways and Means today hosted a hearing titled, “Tax Tools to Help State and Local Governments.” The hearing featured witnesses from all levels of state and local government, representing a swath of the Public Finance Network (PFN) in which the BDA…
Muni Advocacy Commentary – in today’s Bond Buyer – by Chris Hamel, MBFA Advisory Board member
The New Normal Requires Enhanced Municipal Finance Tools by: Chris Hamel To read this commentary, in today’s Bond Buyer click here. Chris Hamel is an Advisory Board member of the Municipal Bonds for America council and a Senior Fellow with Municipal Market Analytics, Inc.
BDA 2021 Advocacy Update is Now Available
BDA’s 2021 Advocacy update is now available, to view online, click here or here to view and print the pdf. For additional information on any of these issues, please contact: Brett Bolton | bbolton@bdamerica.org Michael Decker | mdecker@bdamerica.org Mike Nicholas | mnicholas@bdamerica.org
Bonding Time Podcast: A discussion with Tim Stevens of Lumesis
This episode of Bonding Time features a discussion with Tim Stevens of Lumesis on the firm’s evolution from business to now business plus fintech and market structure solutions. And on a recent paper from Lumesis – “Machine Learning Applied to Municipal Scale Interpolation and Extrapolation”. Tim Stevens President, COO & Co-Founder Lumesis, Inc.…
Stimulus Clears Senate – Legislation Includes State and Local Aid but No Muni Provisions
This weekend, the $1.9 trillion dollars American Recovery Act took a huge step forward bypassing the Senate on a party-line vote. While the package does not include any muni provisions, of note is $350 billion in direct aid to state and local governments. All indications are the bill will face little resistance in the House,…