Reps. Terri Sewell, D-Ala., and Tom Reed, R-N.Y., yesterday introduced the Municipal Bond Market Support Act of 2019, bipartisan legislation to help local governments, hospitals, non-profits and other entities reduce costs associated with infrastructure and development projects. The AHA-supported legislation would increase the annual limit for municipal bank qualified bond borrowing from $10 million to $30 million per borrower and index this level to inflation going forward. The legislation also applies the bank qualified debt limit on a borrower-by-borrower basis, rather than aggregating all bank qualified bonds issued by a conduit issuer, so that hospitals, schools and other community organizations can more easily access capital.

Related News Articles

Perspective
In 220 days, Americans will head to the voting booths with the presidency, entire House of Representatives and one-third of the Senate on the ballot.And this…
Headline
AHA March 26 submitted comments on a discussion draft of the SUSTAIN 340B Act, legislation proposed in the Senate to clarify Congress’ intent in creating the…
Headline
President Biden March 24 signed legislation funding the rest of the federal government through Sept. 30, including Department of Health and Human Services…
Headline
The House March 22 voted 286-134 to pass the Further Consolidated Appropriations Act of 2024, legislation that would fund all remaining federal agencies…
Headline
The House and Senate Appropriations committees March 20 released the Further Consolidated Appropriations Act of 2024, legislation that would fund all remaining…
Headline
The House Energy and Commerce Committee March 20 unanimously passed AHA-supported legislation to reauthorize through 2029 the Dr. Lorna Breen Health Care…