H.R. 5596 114th Congress House

Municipal Advisor Choice Act

Official title: To amend the Securities Exchange Act of 1934 to provide that an issuer of municipal securities is not required to retain a municipal advisor prior to issuing any such securities.

Introduced: June 28, 2016 See on congress.gov

Finance and Financial Sector SecuritiesState and local finance

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 28, 2016

Referred to the House Committee on Financial Services.

Jun 28, 2016

Introduced in House

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Latest action June 28, 2016

Referred to the House Committee on Financial Services.

Plain-English summary Congressional Research Service

Municipal Advisor Choice Act

This bill amends the Securities Exchange Act of 1934 to provide that an issuer of municipal securities is not required to retain a municipal advisor prior to issuing securities.

Related & companion bills 1

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 5596: Municipal Advisor Choice Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5596/

MLA

"H.R. 5596: Municipal Advisor Choice Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5596/.

Bluebook (legal)

H.R. 5596, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5596/.

Markdown link

[H.R. 5596: Municipal Advisor Choice Act](https://openamerica.io/bill/114-HR-5596/)