S. 1481: LOCAL Infrastructure Act

S. 1481 is a federal bill in the 119th Congress. State and local governments today cannot issue tax-exempt bonds known as advance refunding bonds to refinance existing debt before that debt reaches its call date, a restriction put in place by a 2017 law. This legislation restores the rules to how they… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.