MBFA Hosts Muni Bonds Education Seminar & Fly-in With Congress and White House
On Wednesday, June 7th, the MBFA Coalition held a “201” seminar on Capitol Hill for congressional staff and interested parties on the importance of preserving the tax-exemption for municipal bonds. Representative Dutch Ruppersberger (D-MD) and Rep. Randy Hultgren (R-IL), co-chairs of the Congressional Municipal Finance Caucus presented opening and closing remarks, supporting the benefits of the municipal bond market and the tax-exemption with staff members from key congressional committees and personal offices involved in the debate on comprehensive tax reform.
Congressman Dutch Ruppersberger (MD-2)
Congressman Randy Hultgren (IL-14)
The seminar featured:
- Steve Benjamin, Mayor – Columbia, SC & MBFA Coalition Chair
- John Godfrey, Senior Government Affairs Director – American Public Power Association
- Annie Russo, VP Government Affairs – Airport Council International–North America
- Stephen Winterstein, Chief Municipal Strategist – Wilmington Trust
The panelist’s discussion focused on the impact that municipal bonds play in our daily lives, the economic efficiency of the municipal exemption, and the important role that private activity bonds (PABs) play in America’s infrastructure investment.
You can view the panel discussions by clicking on the links below:
MBFA Lobby Day and White House Meeting
In addition to holding the educational seminar, the MBFA coalition held 23 meetings with key members of congress and their staffs that have influential voices in the current debate on tax reform and infrastructure. Members of the MBFA’s executive committee also visited the White House to advocate to maintain the current law status of the municipal bond tax-exemption. The delegation led by Mayor Benjamin, highlighted that municipal bonds are the original public-private partnership and tax-exempt bonds are used for core local government infrastructure that is the foundation for our nation’s economy, day-to-day life and public health. You can read more about the White House visit here.
Handouts from the seminar are available below: