Following a White House meeting between President Biden and Senator Shelly Moore Capito (R-WV) yesterday afternoon, time is running out on hopes for a large-bipartisan infrastructure package. Key differences remain between negotiating parties such as what actually constitutes infrastructure and how to pay for such a large spending package. Following the meeting, Administration officials made…
Category: MBFA
Biden Administration Proposes Increase in PAB Limits Amongst Other Potential Tax Changes
The Biden Administration has released its annual “Green Book,” which includes a plethora of proposed tax changes for the coming fiscal year. While many changes proposed in the Treasury document are historically ignored on Capitol Hill, these documents can be used as a road map for where the Administration’s priorities lie. Bond Components The “Green Book”…
MBFA Submits Testimony to House and Senate Committees Supporting Muni Financing of Infrastructure
Today, the Municipal Bonds for America Council (MBFA) submitted testimony to the House Committee on Ways and Means and the Senate Finance Committee following recent hearings featuring municipal bond financing in the context of infrastructure. While the hearings covered a wide variety of funding and financing measures, bonds were at the center of many bipartisan…
Senate Leadership Waivers on Infrastructure Process – Munis Remain a Bipartisan Priority
Early this week, news began to emerge from Capitol Hill that Senate Democratic Leadership may be shifting course in the short term on the size and scope of infrastructure spending for this year due to a budgetary time crunch. While details are still being worked out, at this time it seems that infrastructure may come…
Bonds Receive Bipartisan Support in Senate Hearing – House to Host Muni Hearing Today
Yesterday, the Senate Finance Committee hosted a hearing titled, Funding and Financing Options to Bolster American Infrastructure. While the hearing covered a wide variety of funding and financing measures, bonds were at the center of many bipartisan agreements. The House Committee on Ways and Means will host a similar hearing later this morning. The MBFA…
Infrastructure in America: Ashland – Greenwood (NE) School Bond
As part of its ongoing Infrastructure in America: Munis Since 1812 initiative to highlight bond-financed infrastructure, the MBFA is featuring a recent school bond issuance that helped finance substantial improvements in the rapidly growing Ashland-Greenwood Nebraska School district. The issuance was underwritten by member firm D.A. Davidson. Click the image below to learn more about…
MBFA Meets with Key Hill and Administration Staff Promoting Muni Priorities
The Municipal Bonds for America Council hosted a “virtual fly-in” for Steering Committee members over the past week. The meetings focused on municipal bonds in the context of infrastructure financing and proved productive as both Congress and the Administration have begun to take concrete steps towards the introduction of a massive infrastructure package. The MBFA…
Infrastructure Financing Hearing Announced–Munis Expected to be Highlighted
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…
Biden Administration Continues Bipartisan Infrastructure Push – MBFA Hosts Virtual Fly-In
As the infrastructure debate continues and Congress moves towards taking its first legislative steps, the Biden Administration is signaling its willingness to compromise and strike a deal with Congressional Republicans. This week, the President is expected to host Leadership from Congress, both Republican and Democrat, in an effort to find common ground and a path forward to bipartisan…
President Biden Hits the Road (and Rail) to Tout Infrastructure Plan Muni Legislation Continues to Gain Steam
As Congress steps away from Washington for a two-week recess, President Biden continues to travel the country touting his Administrations Build Back Better plan, which includes a robust 2+ trillion-dollar infrastructure component. Following a late-week stop at a Philadelphia Amtrack station, the Biden Administration reiterated their current stance of working to strike a deal with…