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Congressional Testimony and Letters

Letter to U.S. House Financial Services Committee 
November 29, 2018
President and CEO Lynnette Kelly sent a letter on behalf of the MSRB to Representative Jeb Hensarling, Chairman of the U.S. House Financial Services Committee, to provide an update on the MSRB's operations, initiatives and activities.
Read the letter.

Letter to Congress on the MSRB's Fiscal Year 2018 Regulatory Agenda and
Public Budget

January 23, 2018 
MSRB Board Chair Lucy Hooper sent a letter on behalf of the MSRB to the Senate Committee on Banking, Housing & Urban Affairs and the House Committee on Financial Services to provide an update on recent MSRB rulemakings and provide a copy of the Executive Budget Summary. 
Read the letter

Examining the Agenda of Regulators, Self-Regulatory Organizations and Standards-Setters for Accounting, Auditing and Municipal Securities
U.S. House Financial Services Subcommittee Hearing
September 22, 2016
View the Committee's archive video of the live hearing.
Read written testimony submitted by the MSRB.

Letter to Congress on MSRB's Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act
September 19, 2016
MSRB Board Chair Nat Singer sent a letter on behalf of the MSRB to the Senate Committee on Banking, Housing & Urban Affairs and the House Committee on Financial Services to provide an update on the MSRB's implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The letter outlines the MSRB's development of a regulatory framework for municipal advisors and details the MSRB's municipal entity protection efforts. 
Read the letter.

Letter to Congressional Task Force on Economic Growth in Puerto Rico
September 2, 2016
MSRB Executive Director Lynnette Kelly sent a letter on behalf of the MSRB to the Congressional Task Force on Economic Growth in Puerto Rico to discuss the importance of a robust, transparent and fair municipal market for sustained economic growth in Puerto Rico. The letter outlines a set of principles, informed by MSRB regulatory, transparency and education initiatives, recommended for consideration by Puerto Rico, its bonding authorities and any municipal securities issuer seeking to enhance investor confidence.
Read the letter.

The Impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on Municipal Finance 
U.S. House Financial Services Subcommittee Hearing 

July 20, 2012
Read written testimony submitted by the MSRB.

Enhanced Investor Protection after the Financial Crisis 
Senate Committee on Banking, Housing and Urban Affairs Hearing 

July 12, 2011
Read the MSRB's written testimony.

Gaps in Municipal Securities Regulatory Structure
Senate Committee on Banking, Housing and Urban Affairs Hearing

March 26, 2009
View the Committee's archive video of the live hearing.
Read written testimony submitted by the MSRB.

Letter to Congress on Comprehensive Rules for Intermediaries
February 6, 2009
The MSRB submitted a letter to Congress with recommendations to develop a regulatory structure that governs municipal market participants that provide certain key services to state and local government issuers.
Read the letter.

U.S. Financial Services Committee Hearing 
September 18, 2008
Read testimony submitted for the record by the MSRB, beginning on page 157.