Thank You for Your Support of Municipal Bonds

This letter was sent to congressional leaders, and the president thanking them for the passage of S.2155.

May 22, 2018

The Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) was passed by Congress and signed by the president. The act changed the way Investment-grade municipal bonds are classified. Under this act, these types of bonds are now classified as high-quality liquid assets, just as similar corporate bonds are. This reduces local government municipal bond costs. 

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