Federal Advocacy

Federal Update: Industry Focus on Disclosure

Image from GFR Article

Throughout the COVID-19 pandemic, municipal issuers, their bond counsel and municipal advisors, and many other industry participants—including the Securities and Exchange Commission and the Municipal Securities Rulemaking Board—have focused on municipal market disclosure. Because of this effort, GFOA convened a group of industry associations to draft core principles for issuer disclosure considerations during this pivotal time. Authors of the core principles document include GFOA and the National Association of Bond Lawyers, National Federation of Municipal Advisors, National Association of State Treasurers, National Association of State Auditors, Comptrollers and Treasurers, National Association of Health and Educational Financing Facilities Authority, Bond Dealers of America, and National Association of Municipal Advisors. We value their partnership in the drafting of this very important document and encourage wide acknowledgment of its core principles. The document below is also posted to GFOA’s website as GFOA's resrouce on COVID-19 Disclosure.