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Congressman Randy Hultgren

Representing the 14th District of ILLINOIS

Municipal Roundtable

Municipal Bond Roundtable

In an effort to learn more about municipal securities and encourage discussion between different segments of the municipal marketplace, I hosted a stakeholder discussion on November 7, 2013 at the University of
Illinois at Chicago. By convening an expert roundtable of issuers, investors, credit analysts, and other market participants, I gained a greater understanding of some of the most pressing issues facing this
market today: issuer disclosure, new regulatory burdens and tax reform, municipal bankruptcies, price formation and best execution, and the preservation of the tax-exemption.
Our conversation centered on three broad questions, but moved freely between points within their constraints:

  • Who are the municipal bond issuers and how are their products brought to market? 
  • What are the advantages and challenges to retail investors in the municipal market?
  • How have recent events affected the municipal market and what changes can we see coming?

I present this summary, transcript, and appendices with confidence that you will find these resources
informative and a valuable reference on issues related to municipal finance. In the interest of job creation,
our country’s massive infrastructure needs, and our constituent municipalities, I urge the Committee to
consider and address some of the important ideas presented here.

In Service,

Randy

Roundtable on Municipal Finance and the Municipal Bond Market