Senate Finance Committee Approves IRS Nominee
On July 19th, the Senate Finance Committee advanced the nomination of Charles Rettig to be IRS Commissioner. The nomination was approved by a party-line vote of 14-13. The next step in the confirmation process will be a vote of the full Senate.
MSRB Requests Comment on Draft Amendments
The Municipal Securities Rulemaking Board (MSRB) published MSRB Notice 2018-15, requesting comment on draft amendments to MSRB Rule G-11, on primary offering practices, and MSRB Rule G-32, on disclosures in connection with primary offerings. The proposed amendments to MSRB Rule G-11 include requiring senior syndicate managers to provide specific information to issuers, and the proposed amendments to MSRB Rule G-32 include collecting additional information on Form G-32 to support market transparency efforts.
Comments must be submitted no later than September 17, 2018 and may be submitted online or in paper form. The notice is available here.