CDFA is proud to announce the launch of the new Legislative and Federal Affairs Update newsletter. This free monthly newsletter will feature development finance news, resources, case studies and event information from Washington D.C. We will send the first two editions to our entire network, and then to only those who subscribe. Please subscribe today!

CDFA is actively supporting H.R. 5361 and S. 3177, bills that would have a transformative effect on public-private partnerships by authorizing $5B in new P3 private activity bonds. CDFA is working with partners and Congressional offices to get the bill through the House for approval during the lame duck session at the en of the year.

After several months of targeted outreach, CDFA's Modernizing American Manufacturing Bonds Act is gaining traction on Capitol Hill. MAMBA has already been introduced in the House and, if introduced in the Senate, the bill stands a good chance of passage during the lame-duck session. MAMBA would modernize the laws that govern Industrial Development Bonds that provide low-cost financing for small manufacturers.

CDFA is working alongside dozens of states to push the Small Business Access to Capital Act. This act would reauthorize and fund the highly successful SSBCI program. CDFA is actively seeking Republican sponsors for both H.R. 5672 and S. 1901.

The NCSL has joined a growing list of interest groups in support of the congressional reauthorization of EB-5.

Rep. Chris Van Hollen has introduced a bill that would create a federal green bank.

Although unlikely to pass, H.R. 4943 would amend the tax code to remove the special status for tribal governments and establish a national volume cap for their tax-exempt bonds.

The Energy Storage Tax Incentive and Deployment Act would make energy storage technologies eligible for tax credits and incentives when connected to the utility grid at homes and at businesses.

Legislation recently introduced by U.S. Sen. Cory Gardner (R-CO) would extend tax credits to job creators in rural communities and take steps to roll back regulatory hurdles to rural economic growth.

A repeal of the tax exemption for municipal bonds would cost state and local governments an additional $495 billion in interest over a ten-year period, Bond Dealers of America told Congress.

Several states will test ways to pay for highways with $14.2 million from federal grants that seek an alternative to the gas tax as the main source of transportation funding.

The Energy Department announced 10 organizations selected to receive more than $20 million in funding for R&D.

To combat problems caused by the changing coal industry, the Administration announced awards of $38.8 million for 29 economic and workforce development projects.

HUD has released guidance that sets industry standards for residential PACE assessments.

The USDA Beginning Farmer and Rancher Development Program announced a new investment of $17.8 million for 37 projects.

The USDOT has established the Build America Bureau, which will drive development projects through streamlined credit and grant opportunities.