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NABL's Board of Directors Wraps up Annual Trip to Washington, DC

On May 15 and 16, 2019, NABL’s Board of Directors was in Washington, DC meeting with Members of Congress, senior Capitol Hill staff, regulators, and industry groups. This is an annual trip for the Board in which they promote NABL’s educational mission. Our meetings this year focused on discussing NABL’s priorities, including encouraging Congress to recognize the important role tax-exempt municipal bonds will play in the upcoming infrastructure debate that Congress and the Administration are about to undertake. 

Meetings with staff and Members on Capitol Hill: In more than 20 meetings on Capitol Hill, NABL’s Board urged Congress to continue supporting tax-exempt municipal bonds as a vital tool for financing infrastructure. Specifically, we urged the continuation of tax-exempt interest on municipal bonds, the preservation and enhancement of tax-exempt private activity bonds (PABs), reinstatement of tax-exempt advance refundings, and the expansion of the limits under Internal Revenue Code Section 265 on issuance of “bank qualified bonds” to encourage banks and other financial institutions to purchase bonds that benefit nonprofit organizations or governmental entities. 

Read the full article to learn more about the meetings with regulators, industry representatives, and future visits to Washington, D.C. 

Deadline to Register is 3:00pm Eastern, May 29

On Thursday, May 30, 2019, from 1:00pm – 2:30pm Eastern, the National Association of Bond Lawyers will host a webinar to discuss recently effective amendments to SEC Rule 15c2-12.  Webinar presenters will discuss the requirements of the amendments and explore what steps municipal securities issuers, underwriters, and municipal advisors, and their counsel, can and should take to be able to live with the amendments.  This webinar will summarize information presented at the NABL Institute in March as well as additional practice developments and interpretation. During the webinar, panelists will discuss outstanding questions NABL has already received from the membership. We are also seeking additional questions or issues you have come across since the amendments became effective. Submit your questions and/or feedback to comments@nabl.org.  Register here. 

Remind Congress About the Value of Municipal Bonds 

Municipal bonds finance the infrastructure that provides communities with essential services and facilities including electricity, roads, bridges, schools, and  hospitals. We need your help to promote NABL's efforts in reminding Congress about the value municipal bonds have in our everyday lives. Every Monday, we highlight a member’s “built by bonds” project by sharing them through NABL’s social media outlets (Twitter, Facebook, LinkedIn). Submit your project to our Digital Marketing Coordinator, Jade Dixon and include: your project photo, the name/type of project, city, state, and the date it was completed.