Ways and Means Approves Key Muni Provisions
WASHINGTON – The American Securities Association (ASA) today applauded the House Ways and Means Committee for including nearly all of the key municipal bond provisions of ASA’s Infrastructure Modernization Agenda into its Committee-passed Build Back Better Act.
“Municipal bonds are key to modernizing America’s infrastructure and ASA applauds Chairman Neal and members of the Committee for including our infrastructure financing recommendations into the Build Back Better Act,” said ASA CEO Chris Iacovella. “By reinstating advance refundings, expanding Private Activity Bonds, increasing the threshold for municipal bonds to be Bank Qualified, and reviving a direct-pay bonds program, we can help expand future opportunity for America’s communities and working families.”
ASA has been at the forefront of municipal bond and infrastructure advocacy. In March, ASA unveiled its Infrastructure Modernization Agenda, working with Congress and the Biden Administration to include these key municipal bond provisions passed by the Ways and Means Committee. ASA CEO Chris Iacovella also penned an op-ed in the Bond Buyer advocating for municipal bond reform in any final infrastructure package.
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/.