Public Policy Statements - Tax-Exempt Financing and the Municipal Bond Market

We believe that the federal government should work in partnership with state and local governments to achieve mutually beneficial outcomes, with minimum disruption to these entities and the tax-exempt bond marketplace. We continue to urge Congress, the US Department of the Treasury, and the Internal Revenue Service to engage in meaningful discussions with state and local officials about proposals and concerns they have in the tax-exempt bond marketplace, and always urge public hearings to be held on matters that impact local and state governments.

it is the policy of the Association that neither the Securities and Exchange Commission nor any other federal government agency or organization sponsored by the federal government should adopt or expand any rule or regulation with respect to the form and content of information provided by state and local governments with respect to their securities.