SEC rulemaking coming on Financial Data Transparency Act

The Securities and Exchange Commission will introduce two rule proposals to help address the complexities of and concerns around the Financial Data Transparency Act, according to Mary Simpkins, senior special counsel at the SEC's Office of Municipal Securities. She spoke Wednesday at the SEC's 2023 Municipal Securities Disclosure Conference.?

Watch the acceptance speeches and view some of the photos from our Deal of the Year event in New York City.?

The finance side of Chicago Mayor-elect Brandon Johnson’s incoming administration is coming into focus, with financial advisory professional Jill Jaworski the frontrunner for the chief financial officer post, according to a Johnson transition advisor. Johnson will be sworn in on Monday. Jaworski is a Chicago-based managing director at the top-ranked financial advisory firm PFM Financial Advisors. The advisor described the announcement as "imminent" and said the administration would be prepared after the inauguration "to continue the good work of managing the city's finances."

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Washington Gov. Jay Inslee signed into law a bill that expands the eligible uses of a tax increment financing program to spur infrastructure and economic development projects in the state. "In partnership with a bipartisan coalition of support, we've taken a concrete step to ensure a pathway for key local development projects to move forward for the benefit of communities in every part of Washington," said State Treasurer Mike Pellicciotti.

Check out our most recent Rising Stars and the inaugural class of Muni Hall of Famers.

A claw back of federal stimulus funds inched closer to reality Tuesday when President Joe Biden signaled he is open to the proposal. "We don't need it all," Biden told reporters Tuesday after a closely watched meeting with Congressional leaders to try to reach a deal to lift the nation's debt limit. "I have to look, take a hard look at it. It's on the table." The president's comments come as congressional leaders try to break a partisan impasse that puts the country on the path toward its first default.

If you missed any of our ESG Week coverage, make sure to check our ESG special section which has all the articles, the podcast and a taped version of the Leaders event.

The Walt Disney Company's lawsuit against Florida Gov. Ron DeSantis over the former Reedy Creek Improvement District? is unlikely to be decided soon, and claims about its First Amendment right to free speech will join the firm's special district arrangement with the state as legal arguments.

Municipals were largely unchanged Wednesday as the market digested another larger primary slate while U.S. Treasuries rallied after the release of economic data showed inflation has eased. The Dormitory Authority of the State of New York priced and repriced its $1 billion-plus school revenue bond deal for institutions with yields falling on the short end and rising in the belly from Tuesday's retail offering and a preliminary wire.?

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