As part of The Public Finance Network, we have supported legislative relief to classify all investment grade, liquid and readily marketable municipal securities as HQLA. Because of the limited scope of this regulation, I do not consider it a critical issue. But, we should support efforts to maintain our purchaser base and to make common cause with our muni allies.
Below are testimony, in which we joined, to the Senate Banking Committee in support of S. 828 and to the House on H.R. 1624. If you wish to contact your congressional delegation on this issue, this material should be helpful. But, if you need help let us know.
Senate Banking Committee S. 828
House H.R. 1624