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Bills seek to revive Build America Bonds
Q
What is the status of the Build America Bonds (BABs) program?
A
James A. Klotz responds:
James A. Klotz responds: The Build America Bonds program, signed into law Feb. 17, 2009, enabled municipalities and certain political subdivisions to issue taxable municipal bonds that were supported by federal subsidies. This program expired Dec. 31, 2010.
As we described in an article last month, “Pols Push for BABs,” there are two Senate bills calling for the revival of the program. Sen. Ed Markey’s bill, known as the Bolstering Our Nation’s Deficient Structures Act, is modeled after the Build America Bonds Act of 2013, which was introduced by Rep. Richard Neal.
Both bills are still in committee.
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