Congressman Rudy Yakym (R-IN), the Republican Chairman of the House Municipal Finance Caucus today stated in an interview with Bloomberg News that he is willing to go to bat to protect the tax-exempt status of municipal bonds during the ongoing tax debates. Mr. Yakym sits on the powerful Committee on Ways and Means which is…
Author: Bond Market Association
DC Update: BDA Forms PABs Working Group
The BDA has partnered with a coalition of issuer groups to form a PAB Working Groupas tax-reform heats up and Congress continues to search for pay-fors. Partners include groups representing higher education, not-for-profit health care, and airports among other interested parties. The group is focused on information sharing and advocacy coordination working together with the…
Media Alert: Congressional Support to Restore Advance Refundings Featured by Bloomberg News
Bloomberg news this week quoted the BDA following introduction of the Investing in our Communities Act by Congressman David Kustoff (R-TN) and 3 of his Ways and Means colleagues: House Municipal Finance Caucus Co-Chair Rep. Rudy Yakym (R-IN), Rep. Gwen Moore (D-WI), and Rep. Jimmy Panetta (D-CA). The legislation has the full support of the…
DC Update: Bipartisan Advance Refunding Legislation Introduced in House
Yesterday, Congressman David Kustoff (R-TN) introduced legislation that would reinstate tax-exempt advance refundings. The Investing in our Communities Act was co-sponsored by 3 of his Ways and Means colleagues including House Municipal Finance Caucus Co-Chair Rep. Rudy Yakym (R-IN), Rep. Gwen Moore (D-WI), and Rep. Jimmy Panetta (D-CA). Text of the bill can be viewed…
BDA Promotes the the Tax-Exemption During Hill Fly-In
Additional Fly-In Dates Announced Below! Yesterday, the BDA hosted its first fly-in of 2025, where we met with key Congressional staff and Members of Congress involved in developing the pending tax legislation in both the House and Senate. The meetings were productive and we found that staff was well informed and receptive to key BDA…
Bonding Time: DC Update Featuring: Emily Brock, GFOA
The BDA’s most recent episode of Bonding Time features a discussion with Emily Brock of the Government Finance Officers Association (GFOA). The podcast was led by Brett Bolton of the BDA and covers: The current situation on the Hill and the timing for the potential “one big beautiful bill,” and other options; The status of…
A Call to Action: Munis Targeted in Pay-For Draft
Contact Your Member of Congress Today Last week, a draft list of tax pay-fors was leaked from the House Committee on Ways and Means. The 50 page document contains a mix of policy repeals and the elimination of many federal tax expenditures, including a FULL REPEAL of tax exempt interest of municipal bonds, as well…
DC Update: House Releases Tax Pay-For Wish List
*Complete Elimination of Tax-Exemption for All Bonds Included* This week, the House Committee on Ways and Means released a broad list of potential pay-for options for the extension of the 2017 Tax Cuts and Jobs Act (TCJA). The 50 page document contains a mix of policy repeals and the elimination of many federal tax expenditures,…
Bonding Time with Tom Kozlik of HilltopSecurities
The BDA’s most recent episode of Bonding Time features a discussion with Tom Kozlik of HilltopSecurities. The podcast was led by Brett Bolton of the BDA and covers: 2024 Federal Election results and the potential impact to munis; Legislative outlook for the the TCJA sunsets in 2025 and potential pay-for troubles; HIlltop’s robust issuance expectations…
MBFA Submits Comments to House Ways and Means Tax Working Group Promoting Municpal Bonds
This week, the MBFA coalition submitted comments promoting and advancing municipal bonds to the House Ways and Means Community Development Tax Working Group Chaired by Rep. Mike Kelly (R-PA). The Tax Working Groups were created by Committee Chair Jason Smith (R-MO) to study key provisions from the 2017 Tax Cuts and Jobs Act in preparation for broad…