U.S. Congressman to Propose Rules for Muni Bonds, WSJ Reports

U.S. Congressman Patrick McHenry, a Republican from North Carolina, plans to propose legislation to make municipal-bond issuers subject to financial-disclosure regulations set by the Securities and Exchange Commission, the Wall Street Journal reported, citing the lawmaker.

The municipal-bond issuers would be required to comply with Government Accounting Standards Board guidelines, McHenry told the WSJ.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.