PFN Letter on Protecting and Enhancing Tax-exempt Municipal Bonds
Under GFOA's leadership, the Public Finance Network (PFN) has strongly encouraged Congress to restore the tax-exemption for advance refunding municipal bonds, support small issuers by raising the $10 million dollar limit for "qualified small issuers", and to eliminate sequestration for existing direct-pay bonds. As the second session of the 119th Congress begins, now is the time to enhance the financing tools available to spur public investment in infrastructure. PFN stands ready to collaborate with Congress as it considers ways to bolster and expand public financing.