Letters

The Municipal Bond Market Support Act

Summary

SIFMA provides comments to the Chairmen of U.S House of Representatives Financial Services and Ways and Means Committees on the Municipal Bond Market Support Act of 2008 (H.R.6333). SIFMA supports the legislation and believes H.R.6333 eases burdensome tax code requirements that severely limit investor demand for municipal bonds and increase financing costs for state and local governments.  SIFMA supports the inclusion of provisions that extend the “two percent de minimis rule” to financial institutions; and increase the “bank qualified debt limit” from $10 million to $30 million and provides for annual inflation adjustments.

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