Investing in Our Communities Act
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Alignment with your views
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Summary
This bill amends the Internal Revenue Code to reinstate the ability of state and local governments to issue advance refunding bonds, which allow them to refinance existing debt before the original bonds mature. The bill establishes conditions for when advance refunding is permitted, including limits on the number of times a bond can be advance refunded and requirements that issuers realize debt service savings. It also prohibits abusive transactions designed to obtain financial advantages through arbitrage rather than interest rate savings.
Values analysis
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How your representatives voted
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