Despite Last-Minute Effort, Congress Recesses Without Reconciliation Bill

McConnell, Alison L.
April 2006
Bond Buyer;4/10/2006, Vol. 356 Issue 32357, p5
Trade Publication
The article reports on the failure of the U.S. Congress to finalize tax reconciliation legislation before its two-week April 2006 recess. The inability of Congress to wind up work on the bill means a number of potential improvements regarding the municipal market. The bicameral committee considers dropping the bill provision that restrict pooled bond issuance and demand broker-dealers to report tax-exempt bond interest payments to the Internal Revenue Service.


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