WASHINGTON -- In its perennial incursions into the tax-exempt market, Congress lately has been entertaining proposals that would crimp the demand for municipal bonds -- rather than restricting the supply by reining in which issuers could sell municipals.

A steady stream of demand-curtailing proposals have been put before lawmakers, and municipal bond proponents are wondering whether the flow is going to slow to a trickle, or turn into a flood.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.