Sen. Tim Johnson, D-S.D., an Rep. Barney Frank, D-Mass., sent a letter to regulators urging them to protect the ability of municipalities and pension plans to use interest rate swaps in a cost-effective manner. "It's encouraging that Senator Johnson and Congressman Frank told the regulators they want to be able to preserve the municipal swaps market," said Michael Decker, managing director and co-head of the municipal securities division at SIFMA. Read the SIFMA news release.

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