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ARTICLE · 26 JUNE 2020

The Moving Forward Act's Public Finance Provisions

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On June 22, 2020, members of the United States House of Representatives Committee on Transportation & Infrastructure released the details and full text of the Moving Forward Act (H.R. 2).

United StatesFinance and Banking
Adam Parker
Adam Parker
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On June 22, 2020, members of the United States House of Representatives Committee on Transportation & Infrastructure released the details and full text of the Moving Forward Act (H.R. 2). The Moving Forward Act is proposed legislation that represents more than $1.5 trillion of infrastructure investment and includes significant provisions affecting the public finance industry, including:

  • Authorization of Qualified Infrastructure Bonds;
  • Restoration of Tax-Exempt Advance Refunding Bonds;
  • Increases to Annual State Volume Cap on Private Activity Bonds;
  • Modification of Qualified Small Issue Bonds, Agricultural Bonds, and Exempt Facility Bonds;
  • Restoration of Qualified Zone Academy Bonds and Authorization of Qualified School Infrastructure Bonds

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