The “Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act” (the “LOCAL Infrastructure Act”) and the “American Infrastructure Bonds Act of 2020” (the “AIBs Act”) were recently...more
7/24/2020
/ Coronavirus/COVID-19 ,
Federal Aid ,
Infrastructure Financing ,
Local Revenues ,
Municipal Bonds ,
Municipalities ,
Power Infrastructure ,
Proposed Legislation ,
Relief Measures ,
State and Local Government ,
Tax-Exempt Bonds
On June 22, 2020, members of the United States House of Representatives Committee on Transportation & Infrastructure released the details and full text of the Moving Forward Act (H.R. 2). The Moving Forward Act is proposed...more
On May 18, 2020, the Federal Reserve Bank of New York (the “Reserve Bank”) released application materials for the Municipal Liquidity Facility (the “Facility”) established in connection with the Coronavirus Aid, Relief, and...more
On April 27, 2020, the Federal Reserve Board released a revised term sheet (the “Term Sheet”) for the Municipal Liquidity Facility (the “Facility”) established in connection with the Coronavirus Aid, Relief, and Economic...more
On April 9, 2020, the Federal Reserve Board announced the creation of a new Municipal Liquidity Facility (the “Facility”) to purchase up to $500 billion of short-term municipal debt as part of the Coronavirus Aid, Relief, and...more
The Fifth Circuit Court of Appeals appears to have handed white collar defendants a new tool for trial. In United States v. Gluk, — F.3d —-, 2016 WL 4150901 (5th Cir. Aug. 4, 2016), the court held that a little-noticed...more
9/9/2016
/ Department of Justice (DOJ) ,
Evidence ,
Exculpatory Evidence ,
Government Investigations ,
Hearsay ,
Medical Devices ,
Public Records ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
White Collar Crimes
In the ambitious and novel federal criminal prosecution of FedEx for alleged drug distribution conspiracy, Judge Charles R. Breyer recently ruled that defense counsel has no duty to correct government’s mistakes when...more
The Municipal Securities Rulemaking Board (“MSRB”) recently released its best execution guidance under MSRB Rule G-18 (the “Rule” or “Rule G-18”). The Rule will be effective as of March 21, 2016. The Rule provides: “The...more