The Governmental Affairs Committee (or “GAC) serves to encourage and aide our members in advocating on the importance of tax-advantaged bonds to state and local governments. The committee helps coordinate our federal policy initiatives across other committees and oversees are organizational advocacy work. Check out our advocacy center to see the committee’s work.

Latest from the GAC

  • News

October 2026 Advocacy Digest

Final midterm election dash, SEC targets JPAs, IRS racial nondiscrimination proposal. Here’s what happened in October.

  • Comments

On Municipal Disclosure Obligations (2026)

Additional high-level observations and specific suggestions with respect to certain municipal disclosure topics where SEC clarification and guidance would prove most helpful to the municipal market.

Red trend line illustrating 10-year Treasury bond yield from July to September 2026 superimposed of U.S. currency.
Red trend line illustrating 10-year Treasury bond yield from July to September 2026 superimposed of U.S. currency.
  • News

September 2026 Advocacy Digest

Bond yields surge, SEC on MA disclosure roles, and IRS targets private schools. Here’s what happened in September.

  • Comments
  • Input Requested

Request for Tax Guidance Priorities

Members can help inform NABL’s future requests for IRS guidance on tax issues.

Overview of Jackson Lake with colorful boats in foreground before sun rise viewing from signal Mountain campground at Grand Teton National Park, Wyoming USA.
Global economic leaders convened in Jackson Hole, WY this month to discuss fiscal and monetary policy.
  • News

August 2026 Advocacy Digest

The House is back, FY2027 appropriations, surface transportation, Jackson Hole, and more. Here’s what happened in August.

  • Comments

Statement: W&Ms Hearing on Taxation of Professional Sports

NABL comments submitted to the record of the June 30, 2026 Ways and Means Committee hearing relating to tax-exempt bonds for stadiums and recreational facilities.

Committee Leadership

Chair

Latasha R. Thomas

Clark Hill PLC
Chicago, IL

Vice Chair

Tranny Arnold

PNC Financial Services Group, Inc.
Birmingham, AL

2nd Vice Chair

Tobias Tobler

Pacifica Law Group LLP
Seattle, WA

Board Liaison

Brian Garzione

Hawkins Delafield & Wood LLP
Washington, DC

Other Resources

Take ActionGrassroots Advocacy Center

Visit to take action and advocate for municipal bond priorities.

Supporting Our Communities

Our Priorities

Learn about our federal policy priorities and why they matter to bond lawyers.