NABL members are encouraged to talk to their members of Congress about the importance of tax exempt bonds and to encourage their clients to do so as well. We have complied some resources to help in that endeavor. Members are also encouraged to share any feedback they get from members of Congress with NABL's Governmental Affairs Office via email at

Senate - The Tax Cuts and Jobs Act

The Senate Finance Chairman's markup of the Tax Cuts and Jobs Act is available here. The JCT Report on the Chairman's markup is available here. The policy highlights are available here. The master Senate amendment list is available in PDF form here (Note: Cardin Amendment #2 on advance refunding bonds in on page 256). The Excel version is available here. Information on the Finance Committee, including contact information, is available here

The Government Finance Officers Association has created spreadsheets that list advance refundings from 2012 to 2016 by state and includes the savings achieved.  The spreadsheet for advance refunding savings can be found here, and for individual issuances for all states, click here. Updated talking points on advance refundings and PABs are available here.

H.R. 1 - The Tax Cuts and Jobs Act

A copy of H.R. 1 is available here. A section-by-section summary of H.R. 1 is available here. The JCT Report on H.R. 1 is available here

NABL’s letter, signed by our President, Sandy MacLennan, was sent to House and Senate leadership, as well as members of the House Committee on Ways and Means and the Senate Committee on Finance. In addition, we sent our letter to all members of Congress. Here is a sample letter you may use. Here are some talking points on H.R. 1 and Tax-exempt bonds. 

NABL's White Paper and Summary

NABL has prepared a paper on the importance of tax-exempt financing and a summary that members can use. The paper is available here and includes an introductory summary. 

Letters to the Editor/Op-Eds

Click here to view letters and Opinion articles sent to newspapers across the country regarding municipal bonds. 

Letters to Congress/Administration

Click here for a list of letters sent to members of Congress and the Administration regarding the preservation of the tax exemption for municipal bonds.

Reports on Tax Exempt Bonds and Tax Reform

Click here to view a list of reports regarding tax reform and the exemption for municipal bonds we have put together 

Send a Letter to your Member of Congress

Make your voice heard by sending a letter to your member of Congress. Here is a sample letter that you may use. If you have any questions or need assistance, please contact