Tax Reform Update

The Senate passed its version of the Tax Cuts and Jobs Act on December 2, retaining private activity bonds but eliminating advance refundings. Negotiations to work out remaining differences between the House and Senate bills are set to begin on Monday, December 4, 2017 with the formation of a House-Senate conference committee. The goal is to get an agreed-upon bill signed by the President by Christmas. We are asking NABL members to continue to contact their Republican representatives in Congress with the request that they keep, in full, the private activity bond provision contained in the Senate version of the bill, but also oppose the elimination of advance refunding bonds contained in both the House and Senate versions. In our continued advocacy efforts, NABL and over 30 organizations recently sent a letter to the full House and Senate expressing our deep concerns about the proposed federal income tax treatment of private activity bonds (PABs) and advance refunding bonds that are contained in the House and Senate versions of the Tax Cuts and Jobs Act. You can find that letter here.

TSLI 2018 Registration is Now Open!

The municipal bond market is in a state of flux, and upcoming changes may be significant. If tax reform becomes a reality, resulting in lowered corporate and individual tax rates, there will be direct effects on the market. LIBOR is poised to disappear in 2021, leaving open the question of what happens with loans and swaps that are LIBOR-based. We know from recent events that the SEC is ramping up enforcement efforts (including against lawyers and other professionals) and is becoming more involved in disclosure issues. So what lies ahead? Come and find out by joining us for TSLI 2018 in Phoenix, AZ, for in-depth discussions on current public finance topics! For more information, download the TSLI brochure or visit the TSLI website . Register today by downloading the registration form or register online here.

New Ethics Teleconference - Register Now!

NABL is hosting a new ethics telelconference titled, “Risk - The Game of Reduction of Professional Exposure, Loss Prevention, and Bond Counsel Liability,” on Thursday, December 14, 2017 from 1:00 – 2:30 pm Eastern. Moderator, Tim Stratton from Gust Rosenfeld P.L.C. and panelists, Deanna Gregory (Pacifica Law Group), Drew Kintzinger (Hunton & Williams), and Randy Curato (ALAS), will discuss conflicts of interest, the necessity and benefits of utilizing an engagement letter and other Model Rules that bond counsel need to consider in any engagementRegister by Monday, December 11, 2017; to fulfill your ethics CLE requirements. 

Register Online