WASHINGTON -- Rep. Benjamin Cardin, D-Md., introduced a bill yesterday that would have a major effect on the municipal bond market by repealing a tax law change that was enacted last year for market discount bonds.

Market discount bonds are bonds purchased at a discount in the secondary market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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