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Business and Policy Areas
Business and Policy Areas

The Basics of Municipal Bonds

November 26, 2013

The Municipal Securities Rulemaking Board (MSRB), an organization charged with developing rules for the municipal securities market, hosts an excellent resource called EMMA—Electronic Municipal Market Access—on its website. EMMA markets itself as the official source for municipal disclosures and market data. The website includes an "education center" that can help you educate your constituents on the basics of municipal bonds.

The work of the MSRB, established by Congress in the mid-1970s, is subject to the oversight of the Securities and Exchange Commission.


Bob Shea
Senior Fellow, Finance and Campus Management