Washington, D.C. - Energy Systems Group’s (ESG) Director of Government Relations, Christine Keck, presented testimony to the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises at a hearing titled “The Impact of the Dodd-Frank Act on Municipal Finance.”
Witnesses representing bond dealers, state and local governments and nonprofit organizations, among others, also testified at the hearing.
ESG and its industry have been working with Congress and the Securities and Exchange Commission (SEC) to improve the proposed rule and ensure energy service companies (ESCOs) are excluded generally from the Municipal Advisor registration requirement.
In her testimony, Ms. Keck explained that proposed regulations resulting from the Dodd-Frank Act would impede significantly ESCOs' “ability to undertake municipal projects that save taxpayer dollars, reduce energy usage and create jobs.”
To view the full ESG news release, click here.
Click here for the Archived Webcast of this hearing.
Click here to read Ms. Keck’s testimony as submitted.
Click here to learn more about the Dodd-Frank Act and Dold bill and to read the complete testimonies.