Federal Advocacy

PFN Letter on MLF in December Coronavirus Relief Measure

PFN Letter on MLF in December Coronavirus Relief Measure

On December 18, 2020, GFOA led a letter on behalf of the Public Finance Network (PFN) to urge congressional leaders to oppose efforts to restrict the Federal Reserve's ability to respond to market dislocations or downturns as they negotiated the next coronavirus relief measure. The coalition warned the inclusion of such language would be detrimental to state and local governments, as well as to small business, and would only hamper future recovery as the response to the pandemic continues.


  • Publication date: December 2020
Download the Letter