Later today, President Biden is expected to host a bipartisan and bicameral group of lawmakers to discuss infrastructure and the potential for legislation this year, the second meeting of this kind in April. Of note for today’s meeting is that all lawmakers invited were former Mayors or Governors, a sign that the Biden Administration is…
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We expect that later this morning Rep. Terri Sewell (D-AL) will introduce the “Local Infrastructure Financing Tools (LIFT) Act.” The bill will include several BDA and MBFA priorities, including: Reinstate advance refundings as they were in pre-2018 tax law. This provision would take effect 30 days after the date of enactment. Expand bank-qualified bonds. The…
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Following the announcement of the Biden infrastructure plan, House Ways and Means Chairman Richard Neal (D-MA) signaled that he plans legislative changes to the original draft, including ensuring that bond financing plays a role in the final package. His statements this week reiterate what the Chairman discussed during the BDA’sEngage Capitol Hill 2021 event last…
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Today, the Municipal Bonds for America Council (MBFA) submitted testimony following the House Ways and Means Subcommittee on Select Revenue Measures March 11th hearing titled, “Tax Tools to Help Local Governments.” The MBFA testimony can be viewed here. While the hearing covered a multitude of other tax issues, the majority of the discussion focused on municipal…
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The New Normal Requires Enhanced Municipal Finance Tools by: Chris Hamel To read this commentary, in today’s Bond Buyer click here. Chris Hamel is an Advisory Board member of the Municipal Bonds for America council and a Senior Fellow with Municipal Market Analytics, Inc.
With the pending change of Administration in early 2021, infrastructure has once again taken center stage for potential major legislative action. The Biden Administration has made its intention clear on passing a robust bi-partisan infrastructure and public works package as part of the ongoing stimulus intervention of the economic crisis caused by the COVID-19 pandemic.…
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