During the ongoing MBFA fly-in this week, we have learned that the House Committee on Ways and Means is in the process of developing a hearing on infrastructure financing that will include a robust debate on the municipal market and the expansion of financing tools needed.
The hearing, titled “Leveraging the Tax Code for Infrastructure Investment,” will be hosted by the full Committee on Wednesday, May 19th – a sign that draft tax title legislation for the eventual infrastructure package should soon follow. We plan to draft testimony in the coming days.
The MBFA and BDA continue to advocate for key muni priorities, including during this week’s fly-in which includes:
- Restoration of tax-exempt advance refundings;
- Raise the BQ debt limit; and
- Reinstatement of direct-pay bonds.
If you would like to get more involved with the MBFA, please contact Brett Bolton at brettbolton@munibondsforamerica.org
