The House Financial Services Committee has scheduled a hearing for 10/21 on Rep Messer's bipartisan HR 2209, legislation that would require regulators to classify all investment grade municipal securities as High Quality Liquid Assets (HQLA). This legislation would amend the 2014 Liquidity Coverage Ratio rule approved by the FDIC, Federal Reserve and OCC, which excludes munis from classification as HQLA. Cities, counties and Special districts should act to tell their Congressional delegation the importance of this bill to local government. If municipal bonds are not qualified as HQLA their interest rates will rise dramatically. That could be very painful. Chuck Charles W. Thompson, Jr. Executive Director and General Counsel International Municipal Lawyers Association, Inc. 7910 Woodmont Ave., Suite 1440 Bethesda, Maryland 20814 202-466-5424 x7110 Direct: 202-742-1016 Cell: 240-876-6790 Plan ahead: IMLA's Annual Seminar April 15-18, 2016 - Omni Shoreham, Washington D.C. IMLA's Annual Conference September 28 - October 2, 2016 - San Diego