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House Financial Services Subcommittee Holds Hearing on Municipal Securities

On September 22, the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing entitled “Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing, and Municipal Securities”. Members of the panel included Securities and Exchange Commission (SEC) Office of Municipal Securities (OMS) Director Jessica Kane and Municipal Securities Rulemaking Board (MSRB) Executive Director Lynnette Kelly. Members of the committee were primarily concerned with protecting issuers and the public from high costs and providing investors with transparency in the muni market. 

Read the full Wrap here.

BAW is Less Than a Month Away!

With less than a month before the start of the 41st Annual Bond Attorneys’ Workshop (BAW), the time to register is now! BAW offers attendees the opportunity to hear from top practitioners and industry experts in municipal finance and from government officials and regulators on topics that matter most. Be sure to secure your spot at the largest annual gathering of municipal finance professionals! For more information on BAW and to register online, visit the BAW website or download the registration brochure.

Make your hotel reservations now! The Fairmont Chicago is currently sold out, so reserve your guestroom at the Swissotel Chicago online now or call (888)73-SWISS.

 

GFOA, NABL Issue Guidance on Post-Issuance Tax Compliance

The Government Finance Officers Association (“GFOA”) and the National Association of Bond Lawyers (“NABL”) have issued guidance to issuers and their counsel on developing policies to maximize continuing compliance with the tax-exempt bond rules after the issuance of tax-advantaged bonds. The two organizations cooperated on the issuance of separate but complementary guidance to their respective members.

GFOA’s alert, Developing and Implementing Procedures for Post-Issuance Tax Compliance for Issuers of Governmental Bonds, is available here. NABL’s Considerations for Developing Post-Issuance Tax Compliance Procedures is available here.

Read more here.