Municipal Advisor Choice Act

Municipal Advisor Choice Act

This bill amends 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 securities.

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5596 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5596

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.


_______________________________________________________________________


                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Municipal Advisor Choice Act''.

SEC. 2. 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:
    ``(3) An issuer of municipal securities shall not be required to 
retain a municipal advisor prior to issuing any such securities.''.
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