MBFA Lobbies Congress to Restore Advance Refundings & Increase Bank Qualified Limits
Last week, (June 14,2019) the Municipal Bonds for America (MBFA) Coalition canvased Capitol Hill in support of municipal finance for infrastructure development and the tax exemption through multiple events on Capitol Hill over a two-day period. MBFA Executive Chair Steve Benjamin, Mayor of Columbia, S.C. and current president of the U.S. Conference of Mayors presided over the events. You will find a recap of the events below.
Fundraiser for Terri Sewell (D-AL) – Vice Chair of the House Ways & Means Committee
The Coalition organized a fundraiser for the Vice Chair of the House Ways & Means Committee, Terri Sewell (D-AL). A former securities attorney with a penchant for public finance, Rep. Sewell has been a strong advocate for the municipal tax-exemption and for restoring advance refunding bonds. The fundraiser was cancelled due to the House of Representatives’ floor schedule that was dedicated to spending legislation on Thursday, June 13th. We will keep you updated once this event will be rescheduled.
Handouts from the seminar and Hill day featured the following:
- Introduction of Advance Refunding Legislation (H.R. 2772) that can be viewed here.
- The MBFA’s One-Pager on the Small Borrower Bank-Qualifed Tax-Exempt Obligations that can be viewed here.
- The BDA’s primer on municipal bond finance – The Municipal Bond Market: Building America’s Infrastructure that can be viewed here.