CDFA is pleased to announce that Senators Brown (D-OH) and Perdue (R-GA) have introduced the Modernizing American Manufacturing Bonds Act (MAMBA) in the U.S. Senate (S. 3416). CDFA has worked with Senators Brown and Perdue over the past year to advocate for MAMBA. S. 3416 and its companion bill in the House (H.R. 2890) represent a comprehensive reform package that will modernize and revolutionize IDBs.

Additional Information:
>>> The Bond Buyer Article
>>> MAMBA Overview
>>> Full Text of S. 3416
>>> Full Text of H.R. 2890

At a recent meeting, the U.S. Conference of Mayors stressed the importance of the muni exemption to the next Administration.

U.S. Senator Gary Peters (D-MI) has cosponsored legislation that updates the federal Historic Tax Credit (HTC).

States and localities have until December to apply for $850 million in infrastructure grants.

Treasury has issued program evaluation reports for the State Small Business Credit Initiative and the Small Business Lending Fund.

The SEC has voted to finalize new liquidity requirements that experts say will damage the appetites for munis.

The USDA is providing $3.6 billion in loans to fund 82 electric projects in 31 states.

According to the Tax Policy Center, the Clinton tax plan would increase federal revenue, while theTrump's plan would increase the federal debt.

A special-interest coalition sent letters to the candidates that ask for them to include long-term transportation funding in their agendas.

The USDA has awarded nearly $1 million in Federal-State Marketing Improvement Program grants.