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Two House Natural Resources Committee panels will hold hearings on Puerto Rico this month to discuss the possibility of energy reform and federal oversight for the ailing commonwealth, according to a committee spokesperson.
By Jack CaseyJanuary 5 -
Municipal market groups are ready to band together in 2016 to show the Securities and Exchange Commission that they can improve disclosure practices without increased regulation, even as the commission is set to continue publishing settlements with underwriters and issuers who have failed to comply with their continuing disclosure obligations.
By Jack CaseyDecember 31 -
Puerto Rico Gov. Alejandro García Padilla announced on Wednesday that the commonwealth will default on $37.3 million out of nearly $1 billion of debt payments due on Jan. 4, a mild default, according to one analyst, and one that could threaten the governors plans congressional help.
By Jack CaseyDecember 30 -
Municipal market participants will once again see an active year for enforcement in 2016 as the Securities and Exchange Commission's self-reporting initiative largely wraps up and the enforcement division mixes a continued focus on pricing and market structure actions with potential new areas for enforcement like municipal advisors and bank loans.
By Jack CaseyDecember 28 -
Senate Minority Leader Harry Reid, D-Nev., made a final pitch on Thursday for lawmakers to include provisions to help Puerto Rico with its debt crisis in the pending omnibus spending bill, calling it the moral thing to do.
By Jack CaseyDecember 17 -
House Speaker Paul Ryan, R-Wis., said on Wednesday night that he is instructing all House committees that have jurisdiction over Puerto Rico to work with commonwealth officials to come up with a responsible solution for their fiscal and debt crises by the end of March.
By Jack CaseyDecember 16 -
The Municipal Securities Rulemaking Board filed proposed rule changes with the Securities and Exchange Commission on Wednesday to extend its political contributions rule to non-dealer municipal advisors and MAs soliciting business for dealers, advisors or investment advisors.
By Jack CaseyDecember 16 - Puerto Rico
The omnibus spending bill for fiscal 2016 fails to contain any significant help for Puerto Rico, but that should come as no surprise as Republicans and Democrats are still divided over the approach that should be taken, said knowledgeable sources.
By Jack CaseyDecember 16 -
Assured Guarantys chief executive officer is blasting the Treasury Department for pushing for bankruptcy protection for Puerto Rico, claiming the effort is blowing up utility authority negotiations with creditors and bondholders, as well as hurting the territory and alarming the municipal bond market.
By Jack CaseyDecember 15 -
Dealer groups want the Municipal Securities Rulemaking Board and Financial Industry Regulatory Authority to adopt the same approach, but one that is less costly and burdensome, for requiring dealers acting as principals to disclose to retail customers the markups and markdowns on muni trades.
By Jack CaseyDecember 14