March 22, 2018
On behalf of the National Association of State Treasurers (NAST), we write to encourage the passage of legislation (H.R. 1624; S. 828) that would classify certain municipal securities as level 2B high quality liquid assets (HQLA). With the passage of S. 2155 in the Senate, both the House and Senate are on the record in the 115th Congress supporting this important policy initiative. We applaud representatives and senators for their bipartisan work on this legislation and urge its prompt passage.