Today, Senators Roger Wicker (R-MS) and Debbie Stabenow (D-MI) introduced amendments to the HEALS Act that would fully restore advance refundings and create a new BABs program exempt from sequestration. The Chamber still remains far from a deal with the House and Administration, with little progress made this week. The Advance Refundings legislation can be…
Author: Bond Dealers of America
Washington Weekly
Following a month of lackluster Coronavirus and economic news, Congress once again pushed itself to the brink with 11th hour negotiations on a stimulus package. However, this round they failed to deliver relief for millions of struggling Americans, and entities such as state and local governments, including school and health care systems, that desperately need…
Amendment Introduced in Senate to Expand Municipal Facility to Underwrite Credits that Incur a Loss
As the Senate continues to debate a potential stimulus package, Senate Banking Chairman Mike Crapo (R-SD) has introduced an amendment that would expand the Feds authority granted in the CARES Act to allow the Municipal Liquidity Facility to underwrite credits that may incur loses, without expanding the list of eligible entities. Text of the amendment can…
Senate Introduces Narrow Stimulus Package
Senate Champions Continue to Press for Inclusion of Muni Provisions This week, the Senate Majority Leader released a piecemeal stimulus package that has left more questions than answers. The package, which includes no additional funding to state and local governments or any municipal bond provisions, is currently struggling to find support from either Republicans or…
Washington Weekly
New Incentives to Register for the Fixed Income Leadership Webinar Series
Enterprise Registration Fee: A new registration path for firms with multiple attendees All sessions will be recorded and distributed to attendees Automatic 20% discount for all full series attendees planning to register to the National Fixed Income Conference Webinar Series in November *20% discount applies only to full series registrations only Week One 3pm…
Congress Returns with Limited Time to Pass Additional Stimulus
Muni Provisions Unlikely to be Included Congress returns to DC today with only two legislative weeks remaining prior to the annual August Recess to take bold action in response to the ongoing COVID-19 pandemic. With some emergency provisions, such as unemployment insurance extensions from the CARES ACT slated to expire at the end of this week, time…
BDA Call to Action: Ask your Senator to Support AR and BABs Legislation
Senator Roger Wicker(R-MS), the lead sponsor of legislation that would fully restore advance refundings and create a new BABs program exempt from sequestration, contacted the BDA and the broader Public Finance Network, to ask for help in growing support for their common sense muni legislation as the Senate begins deliberations on a possible stimulus package.…
BDA Member Profile: AxeTrading
AxeTrading is an award winning global fixed income trading software company that enables unique market making, price making and order execution with AxeTrader. This provides traders access to optimized, personalized and intuitive workflows delivered by highly flexible, agile and efficient technology. BDA Interview with Mark Watters Mike Nicholas, CEO of Bond Dealers of America, had…
BDA Sends Comments to SEC on Proposed Changes to MSRB Rules A-3 and A-6 on Board Composition and Governance
BDA this morning filed a comment letter with the SEC on proposed changes to MSRB Rules A-3 and A-6 on board composition and governance. The proposal before the SEC is available here. BDA’s comment letter is available here. Senator Kennedy’s MSRB reform bill is available here. he proposed changes will, when approved by the SEC, impose these changes: Reduce…