J.D. Vance's record scant on muni priorities but reveals some clues

Former President Donald Trump's pick for vice president for the 2024 presidential election ticket, Sen. J.D. Vance, R-Ohio, has a brief and unorthodox legislative history that touches lightly on municipal market priorities, including aversion to the state and local tax deduction, federal housing grants for sanctuary cities, green energy tax credits and environmental, social and governance policies.

From politics to disclosure to funding, the changing climate challenges muni issuers. Learn more in our Climate Spotlight 2024 package.

Municipal financial advisors saw more business in the first half, accounting for $203.285 billion in 2,999 transactions in 1H 2024. This is up from the $147.929 billion in 2,711 deals in the 1H 2023.

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The Financial Industry Regulatory Authority has fined Philadelphia-based broker-dealer Janney Montgomery Scott $65,000 for reporting inaccurate times of trade on 391 municipal securities transactions, violating Municipal Securities Rulemaking Board Rules G-14 on time of trade and G-27 on supervision.

Watch what the municipal bond industry’s innovators and influencers are saying in our Leaders series of video interviews. Check out our lineup of future live interviews and archived conversations.

Municipals were a basis point or two weaker out long Wednesday as U.S. Treasuries were mixed and equities sold off.

Read the newest research from The Bond Buyer detailing the public finance industry’s views of the risks and opportunities in 2024.

Municipal finance professionals are preparing for an important election in November. Follow The Bond Buyer's coverage of 2024 election developments.

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Endnotes

Today’s top stories include:

J.D. Vance's record scant on muni priorities but reveals some clues,Top municipal advisors in 1H 2024 see some moves, FINRA fines firm $65,000 for time of trade failures, Reinvestment demand helps munis outperform