NABL Goes to Washington
Members of the NABL Board of Directors participated in a week of Advocacy, here’s what we learned.
Each year, members of the NABL Board of Directors head to Washington, D.C. for a business board meeting and a few days of advocacy on behalf of our municipal bond markets. This year, the Board traveled to the capital to advocate for our municipal bond priorities. While in town, members met with staff from tax-writing committees in Congress, the Securities and Exchange Commission’s Office of Municipal Securities (SEC/OMS), the Internal Revenue Service (IRS), the U.S. Department of Treasury, and various partner organizations.
Congresswoman Terri Sewell (D-AL) also invited members to meet with her on Capitol Hill to discuss her priority legislation, the Local Infrastructure Financing Tools (LIFT) Act (H.R. 2634)— which would restore tax exempt advance refunding bonds, modernize the small borrower’s exemption, and create a new direct subsidy bond program known as American Infrastructure Bonds (AIBs).