Last week, the BDA hosted a Public Finance Leadership Roundtable in Washington, DC hosted by Quarles and Brady. The event featured robust discussion on timely public finance topics with senior representatives from 10 BDA member firms.
Key discussion topics included:
- Exit of Bulge Bracket Firms from the Business and Impact on Regionals
- Challenges of Operating in a Non-Refunding Environment
- Compensation and Retention Challenges for Junior Bankers
- Key Regulatory Issues Including Remote Work and New Issue Pricing
The group also heard from Sean Gard, Chief of Staff for Rep. Gwen Moore (D-WI) a sitting Member of the tax-writing House Ways and Means Committee where he provided an update on the remainder of 2024 and a positive outlook for muni legislation in 2025.
The following day, the group took to the Hill to meet with senior staff members in key Ways and Means offices as part of our ongoing fly-in series focusing on the muni tax-exemption.
*More information on our advocacy efforts can be found on the Municipal Bonds for America website.*
The meetings focused on promoting the muni tax-exemption in the context of infrastructure financing and also pressed staff to consider key muni provisions in next years probable tax bill.
These provisions include:
- The Restoration of Tax Exempt Advance Refundings
- Raising the Bank Qualified Limit to $30 Million and Indexing to Inflation
- Expanding the Use of Private Activity Bonds
The BDA is planning quarterly fly-ins through 2025. If you, or your firm is interested in participating in these events, please let us know.
