ICMA and a coalition of state and local government associations wrote a letter to the editor regarding the SEC's proposal to reform money market mutual funds (MMMFs). State and local governments and other issuers are concerned about the contents of the final rule and potential impacts that the rule could have on governments. While they understand the Commission’s desire to further increase the resiliency of MMMFs, we believe that many of the reforms included in the SEC’s 2013 proposed rule would limit or eliminate the ability for state and local governments to purchase the funds, and would limit the funds’ purchase of municipal securities.