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Treasury Approves New Municipal Liquidity Facility to Aid States, Counties and Cities

USA - April 10 2020 On April 9, 2020, U.S. Treasury Secretary Steven T. Mnuchin approved the establishment of a Municipal Liquidity Facility (MLF) aimed at helping the…

Alan C. Cason, Cheryl O'Donnell Guth, Arthur E. Anderson II, Michael W. Graff Jr., Mark A. Kromkowski, Douglas E. Lamb, Kay McNab, Kenneth M. Neighbors, John J. Semeniak, Lisa Medina Williams

IRS Clarifies Acceptable Tenant Preferences for Affordable Multifamily Housing Bonds

USA - April 8 2019 On April 3, the IRS issued Revenue Procedure 2019-17 (Rev. Proc.), offering additional guidance on the public use requirement applicable to…

Alan T. L. Sun, Michael W. Graff Jr., Kristen M. Kirby, John J. Semeniak, Fernando Tevez

Proposed Securities Rule Changes Focus on Bank Loans, Other Private Placements

USA - March 30 2017 On March 1, 2017, the Securities and Exchange Commission (SEC) proposed amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 that…

Thomas William Bruno, Kristen M. Kirby