DALLAS -- Texas Treasurer Kay Bailey Hutchison last week asked Congress to amend the tax code to let small issuers keep their bank-qualified privilege when they use bond pool programs.

Supporters say such an amendment could generate revenue for the federal Treasury by lowering borrowing costs and reducing debt issuance by small issuers.

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.