Senators Reintroduce Bipartisan Bill to Provide Financial Stability to Muni Bonds.

On April 5, Senators Mike Rounds (R-SD) and Mark Warner (D-VA), both on the Senate Banking Committee, reintroduced a bipartisan bill to allow banks to count municipal securities as level 2B high-quality liquid assets. The legislation would rewrite a regulation that requires banks to hold high-quality liquid assets (HQLA) that can be converted to cash, and would therefore make it easier for banks to count municipal debt towards this buffer.

Bill Introduced in Congress April 5, 2017

 



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