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Details municipal bond provisions key to funding America’s future
WASHINGTON – The American Securities Association (ASA) today unveiled its infrastructure modernization agenda to create good-paying jobs, jumpstart economic growth, and lead America into the future.
“Investment in infrastructure creates jobs and stimulates economic growth while protecting public health, the environment, and improving the quality of life for families across the United States,” said ASA CEO Chris Iacovella. “ASA looks forward to working with the Biden Administration, Secretary Buttigieg, and Congress to send a bipartisan bill to the President’s desk that encompasses the key pillars of our infrastructure modernization agenda.”
ASA’s infrastructure modernization priorities include:
Maintain the Municipal Bond Interest Tax Exemption
Avoid Legislating a Federal Infrastructure Bank
Reinstate Advance Refundings for Municipal Bonds
Renew Build America Bond Program
Ensure Municipal Bonds Continue to Promote Environmental and Social Objectives
Expand the Threshold for Municipal Bonds to be Bank-Qualified
Expand Eligibility and State Allowances for Private Activity Bonds
ASA has been at the forefront of infrastructure advocacy. Last month, ASA applauded the Senate confirmation of Secretary Buttigieg and backed his support for reinstating the tax exemption for advance refunding of municipal bonds, a popular infrastructure provision that passed in the House last year and is currently supported by bipartisan legislation in the Senate.
To read ASA’s full infrastructure modernization agenda, click here.
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ASA’s regional financial services companies work in communities across the country to create jobs, grow the economy, and increase prosperity for all Americans. The ASA exclusively represents the capital market and private client interests of its members and seeks to promote free market principles making it easier to access financial advice and capital. ASA members help Americans save for retirement, provide Main Street businesses with capital to grow, and advise hardworking Americans how to create and preserve wealth. For the latest updates follow @AmerSecurities and learn more at http://americansecurities.org/.