PFN Letter: Second Session of 119th Congress
As the 119th Congress begins its second session, the Public Finance Network reiterates core policy priorities for the municipal market.
What happens in Washington, D.C. has the potential to drastically change our municipal markets.
We are tracking the status of FY2026 appropriations, where things stand, and what it all means for bond lawyers.
As the 119th Congress begins its second session, the Public Finance Network reiterates core policy priorities for the municipal market.
Where we’ve been in 2025, and what’s ahead in 2026.
We support sensible policies that enable our state and local governments to tap into the $4 trillion municipal market and finance critical infrastructure that builds strong, healthy, economically vibrant communities. We serve as a brain trust and resource for policymakers looking to strengthen financing tools for our communities. Specifically, we focus on federal tax and securities laws governing municipal markets.

Bond lawyers are trusted voices on public finance issues in Congress, federal agencies, and partner organizations. Your voice carries the weight of that expertise. Find out ways you can advocate for NABL priorities.

As the 119th Congress begins its second session, the Public Finance Network reiterates core policy priorities for the municipal market.
NABL led coalition letter in response to an SEC proposal to harmonize the definition of “Asset-Backed Securities” under Regulation AB with that of the Exchange Act.
A collection of associations representing various aspects of the municipal market request extension for recent SEC proposal on asset-backed securities.
Comments to the IRS requesting written guidance on the application of the private business use rules related to modern technologies.
Requested items for inclusion on the Internal Revenue Service’s (IRS) 2025-2026 Priority Guidance Plan.
Stay on top of bills related to municipal finance in Congress.
Meeting with your members of Congress? Download and print our 119th Congress Advocacy Primer to guide your meetings.
Encourages and aides our members in advocating on the importance of tax-advantaged bonds to state and local governments.
Have more questions? Email advocacy@nabl.org to connect with us.