S 1453 · 118th Congress

LOCAL Infrastructure Act

This bill brings back a financial tool called 'advance refunding bonds' that cities and states can use to fund local infrastructure projects like roads, bridges, and public buildings. These bonds were eliminated in 2017 as part of a major tax law change, and this bill reverses that decision. Essentially, advance ref…

Sponsor

Wicker, Roger F. (R-MS)

Introduced

2023-05-04

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.