The Senate’s flip to a Democratic-majority makes an infrastructure bill likely to pass in the coming months, and key lawmakers support including important municipal bond provisions. … A Democratic Congress and White House mean a solid chance for some sort of infrastructure bill to break through, sources say. This comes as the Chamber of Commerce launched an initiative on Wednesday with over 130 organizations to push for an infrastructure package by July 4. … Municipal bond provisions are set up for success in the next Congress. Last summer House Democrats passed the Moving Forward Act, which has expired and will need to be introduced in the new Congress but which contained numerous bond provisions. Among those were expanding the use of tax-exempt private activity bonds, permanently reinstating Build America Bonds and reinstating tax-exempt advance refunding bonds. Those provisions were headed by House Ways and Means Chair Richard Neal, D-Mass, who will continue to chair that committee in 2021.
Source: The Bond Buyer
