SIFMA and Other Associations Submit Comments to OMB and the NEC on BABs Sequestration (with [wholly non-substantive] Lofchie Comment)

SIFMA and 17 other associations submitted the attached comments to the Office of Management and Budget ("OMB") and the National Economic Council ("NEC") urging the OMB to affirm an exemption from sequestration for payments to issuers of direct payment bonds. The groups further urged an exception for direct subsidy bonds from sequestration similar to what is currently provided for individual refundable tax credits or other permanent appropriations.

Lofchie Comment: I confess that I have no idea what this letter is even about. What I found interesting was its spare look and the absence of trade association logos. Compare this logo-less letter (below) with the attached logo-logged letter linked from this prior news item. Which is more effective, I wonder?

Click hereto view letter in full (links externally to SIFMA website).