I
114th CONGRESS
2d Session
H. R. 5596
IN THE HOUSE OF REPRESENTATIVES
June 28, 2016
Mr. Hultgren introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Securities Exchange Act of 1934 to provide that an issuer of municipal securities is not required to retain a municipal advisor prior to issuing any such securities.
Short title
This Act may be cited as the Municipal Advisor Choice Act
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Requirement for municipal advisor for issuers of municipal securities
Section 15B(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–4(d)) is amended by adding at the end the following:
An issuer of municipal securities shall not be required to retain a municipal advisor prior to issuing any such securities.
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