SIFMA Applauds Passage Of Dold Municipal Advisor Bill

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy, after the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises passed H.R. 2827, a bill that would clarify provisions of Dodd-Frank that address regulation of municipal advisors.

“We are pleased that the Capital Markets Subcommittee approved H.R. 2827 and we commend the leadership of Reps. Bob Dold and Gwen Moore on this important initiative. We are particularly encouraged that at today’s markup, there was virtually unanimous recognition that the SEC’s December 2010 proposed rule on municipal advisors goes far beyond congressional intent.”