Bailey Quoted in The Bond Buyer about Proposed Regulations Impacting Municipal Market
02 January 2019
Partner Michael Bailey was quoted in The Bond Buyer article, “Treasury Finalizes PaB rRG, Proposed Re-Issuance Reg,” about two long-awaited regulatory steps that will impact the municipal market. The Treasury Department and the Internal Revenue Service published final public notice requirements for issuing private activity bonds and a proposed regulation clarifying when tax-exempt bonds require re-issuance. The final regulations simplify the public notice and approval requirements for PAB issuance. They do not, however, drop the requirement for a public hearing in certain circumstances.
Bailey said the regulations were a welcome development. “They were, in many ways, responsive to the comments,” said Bailey, who is a board member of the National Association of Bond Lawyers. The NABL had requested that the public notice requirement be reduced to seven days.
(Subscription Required)
Bailey said the regulations were a welcome development. “They were, in many ways, responsive to the comments,” said Bailey, who is a board member of the National Association of Bond Lawyers. The NABL had requested that the public notice requirement be reduced to seven days.
(Subscription Required)
People
Related News
13 March 2024
In the News
Christopher Swift Discusses U.S. Agency Cooperation on Russian Restrictions
Foley & Lardner LLP partner Christopher Swift is quoted in the Anti-Corruption Report article, “New Russia Restrictions: Agency Cooperation and Industry Focus.”
12 March 2024
In the News
Daljit Doogal Reflects on Successful Foley-Gardere Combination
Foley & Lardner LLP Chairman and CEO Daljit Doogal is quoted in the Law360 article, “Anatomy Of Attrition: A Look At Law's Biggest Mergers.”
12 March 2024
In the News
Kyle Faget Quoted on FDA Regulation of Telehealth Advertising
Foley & Lardner LLP partner Kyle Faget is quoted in the Inside Health Policy article, “Legal Experts Contradict Califf, Say FDA Can Regulate Misleading Telehealth Ads."