The House Financial Services Committee began consideration Tuesday of legislation that would require bank regulators to consider municipal bonds as high-quality liquid assets for purposes of minimum capital requirements.
The American Public Power Association is joining with other national associations in support of the legislation.
The legislation, H.R. 1624, the “Municipal Finance Support Act of 2017,” is expected to be amended during its consideration with an amendment that will be offered by its lead sponsor, Rep. Luke Messer, R-Indiana.
