Municipal Advisor Choice Act

Bill: 114-hr-5596
Sponsor: full_name: Rep. Hultgren, Randy [R-IL-14]
Introduced: 2016-06-28
Policy area: Finance and Financial Sector
Subjects: Securities

State and local finance
Latest action: action_date: 2016-06-28
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2016-06-28
action_desc: Introduced in House
text: <p><strong>Municipal Advisor Choice Act</strong></p> <p>This bill amends the Securities Exchange Act of 1934 to provide that an issuer of municipal securities is not required to retain a municipal advisor prior to issuing securities.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5596 IN THE HOUSE OF REPRESENTATIVES June 28, 2016 Mr. Hultgren introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to provide that an issuer of municipal securities is not required to retain a municipal advisor prior to issuing any such securities.

1. Short title This Act may be cited as the Municipal Advisor Choice Act . 2. Requirement for municipal advisor for issuers of municipal securities Section 15B(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–4(d) ) is amended by adding at the end the following: (3) An issuer of municipal securities shall not be required to retain a municipal advisor prior to issuing any such securities. .