Issue Briefs

Federal Appropriations Process
A quick primer to help bond lawyers better understand the federal appropriations process and its connection to municipal bond offerings.

Understanding the Debt Ceiling
What are the debt ceiling and federal downgrades, and what do they mean for municipal bonds.

Updating the Small Borrower Exemption
Modernize Financing Options Available to Our Smallest Communities

Inflation Reduction Act
Large domestic policy package offering more than $400 billion in new federal investment and $300 billion in deficit reduction.

Infrastructure Investment and Jobs Act (IIJA)
Bipartisan infrastructure bill passed in late 2021 that enacted two new types of exempt facility bonds.