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The announcement of the amendments occurred at substantially the same time that the SEC and MSRB have pending other regulatory actions that also would serve to increase the quality and quantity of disclosure, and as legislators and regulatory agency leaders are increasingly criticizing the lack of jurisdiction over disclosure by municipal issuers. That information could lead the MSRB to propose restrictions on the contributions in the future, she added. During the recent MSRB forum, developers' representatives indicated some concern about the amount of disclosure information requested and whether it would affect its decision to pursue such economic development projects. |
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