Federal Advocacy

GFOA Joins with NAST to Provide Recommendations on Further Federal Reserve Action

The issuer community joined forces on behalf of the smaller or infrequent issuer to recommend steps the Federal Reserve should take to support the municipal issuer community. These suggestions include revisions and enhancements to the Municipal Liquidity Facility established under the CARES Act as well as other actions they may take to relieve pressure at depository institutions. To read the letter, click here. Several congressional letters have been sent to achieve similar objectives.