Legislative and Federal Affairs Update - February 7, 2017
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CDFA // BNY Mellon Webcast Series: Opportunities and Advancements in Water Finance
February 21, 2017
1:00 PM Eastern

CDFA Online Brownfields Project Marketplace
February 24, 2017
12:00 - 5:00 PM Eastern

Intro Bond Finance WebCourse
March 1 - 2, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
March 9, 2017
2:00 PM Eastern

CDFA // BNY Mellon Webcast Series: Exploring the Impact of GASB 77
March, 14, 2017
1:00 PM Eastern

2017 CDFA Pennsylvania Financing Roundtable Webinar
March 22. 2017
1:00 - 3:00 PM Eastern

2017 CDFA Michigan Financing Roundtable Webinar
March 23, 2017
1:00 - 3:00 PM Eastern

CDFA Texas Conference
Dallas, TX
April 5, 2017

Intro Incentives WebCourse
April 5 - 6, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017
1:00 PM Eastern

CDFA Missouri Conference
St. Louis, MO
April 20, 2017

CDFA South Carolina Conference
Columbia, SC
April 25, 2017

CDFA Illinois Conference
Chicago, IL
May 2, 2017

Intro Tax Increment Finance WebCourse
May 10 - 11, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA Colorado Conference
Denver, CO
May 16, 2017

CDFA Texas Webinar: Financing Programs to Support Rural Development
May 17. 2017
11:30 AM - 12:30 PM Eastern

CDFA Georgia Conference
Atlanta, GA
June 7, 2017

Intro Food Systems Finance WebCourse
June 7 - 8, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA Summer School
Minneapolis, MN
August 7 - 11, 2017

Fundamentals of Economic Development Finance Course
Minneapolis, MN
August 7, 2017

Intro Bond Finance Course
Minneapolis, MN
August 8 - 9, 2017

Intro Brownfields Finance Course
Minneapolis, MN
August 8 - 9, 2017

Intro Energy & Water Finance Course
Minneapolis, MN
August 10 - 11, 2017

Intro Revolving Loan Fund Course
Minneapolis, MN
August 10 - 11, 2017

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Columbus, OH
September 7, 2017

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Fort Lauderdale, FL
September 28, 2017

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Atlanta, GA
November 15 - 17, 2017

Legislative and Federal Affairs Update
February 7, 2017
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Legislative and Federal Affairs Update


CDFA Releases 2017 Policy Agenda
CDFA is proud to release its 2017 Policy Agenda. Our agenda outlines numerous recommendations to some of the nation's most difficult development finance issues, and we hope that Congress and the Administration will use our recommendations as a roadmap to improvements in these areas. To read The Bond Buyer's overview, click here.

Legislative Features

Making the Case for the High Efficiency of the Tax Exemption — It's in the Numbers
As tax reform takes shape, a key challenge for the municipal market in maintaining full access to the tax exemption stems from a factually flawed methodology utilized by the Joint Committee on Taxation.

Bill Introduced to Support Renewable Energy on Public Lands
The Public Land Renewable Energy Development Act, introduced in the US House, would streamline the permitting process for wind, solar and geothermal development on public lands and establish a process for revenue sharing.

Mnuchin Says He'll Work to 'Enhance' PABs for Infrastructure Projects
President Trump's nominee for Treasury Secretary Steven Mnuchin told lawmakers in writing that he plans to "enhance" private activity bonds so that they can be used to encourage more private investment in infrastructure projects.

Rep. DeLauro Reintroduces National Infrastructure Development Bank Act
Rep. DeLauro has reintroduced the National Infrastructure Development Bank Act. The bill would create and fund a public bank to leverage public and private dollars to help rebuild infrastructure of national or regional significance.

Neal: Tax Reform Should Preserve Tax-Exemption, Reinstate BABs
Tax reform legislation should preserve the tax exemption for municipal bonds and reinstate Build America Bonds for infrastructure financing, Rep. Richard Neal, the top Democrat on the House Ways and Means Committee, told reporters Thursday.

Trio of Lawmakers to Seek Tax Reform Revenues for Infrastructure
A bipartisan trio of lawmakers intends to file a pair of House bills that would use revenues from international tax reform to fund infrastructure projects.

Munis Are Critical for Infrastructure, Groups Tell Lawmakers
State and local groups told members of Congress that tax-exempt bonds are the cornerstone of infrastructure financing, signed by representatives of the GFOA, the National Governors Association, USCM, the National Association of State Treasurers, and NACo and other groups.

Republicans Offer Bills to Abolish IRS, Require Balanced Federal Budgets
A flurry of Republican bills and resolutions were introduced during the opening week of the 115th Congress, several of which aim to abolish the Internal Revenue Service and require a balanced federal budget.

Congressional Assignments Relevant to Tax Reform Finalized
Six new lawmakers are joining the House Ways and Means Committee, while two are joining the Senate Finance Committee. Both committees will be faced with tax reform and revenue issues in the 115th Congress.

Upcoming Events
Intro Bond Finance WebCourse
Federal Features

EPA Launches New Program With $1B in Loans Available for Water Infrastructure Projects
The U.S. Environmental Protection Agency (EPA) announced the availability of approximately $1 billion in credit assistance for water infrastructure projects under the new Water Infrastructure Finance and Innovation Act (WIFIA) program.

USDA Announces $27M in Grants Available to Support the Local Food Sector
The USDA's Agricultural Marketing Service has announced the availability of $27 million in grants to fund innovative projects designed to strengthen market opportunities for local and regional food producers and businesses. 

Opinion: Financing Water Infrastructure through Tech-Innovation
The article's author contends that redeveloping America's water infrastructure will require far more tech innovation and improved efficiencies to generate the requisite capital.

The Trump Infrastructure Plan: Still Many Questions, But Perhaps Some Insights
Best Best & Krieger LLP gives a summary of comments from Secretary Elaine Chao's confirmation hearing, which addresses some of the questions swirling around the Trump administration infrastructure plan.

EPA Awards $12.7M to Assist Small Drinking Water and Wastewater Systems
The US EPA is awarding $12.7 million in grants to help small drinking and wastewater systems and private well owners. Water systems staff will receive training and technical assistance to improve and better protect public health and the environment.

NMTC Coalition Urges Supporters to Sign Letter
The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.

USDA Announces $252M Available for Regional Conservation Partnership Program
The USDA has invited potential conservation partners, including private industry, NGOs, Indian tribes, state and local governments, water districts, and universities to submit project applications for federal funding through the Regional Conservation Partnership Program (RCPP).

CDFI Fund Requests Public Comments on CDFI Policies
The US Treasury's CDFI Fund is seeking comments from the general public, including CDFIs, community development practitioners and investors, and other federal agencies, on the requirements to achieve and maintain certification as a CDFI.

Federal Financing Clearinghouse Spotlight

CDFA's Federal Financing Clearinghouse is the only online resource cataloging the development finance programs offered by the federal government. Check out our featured agencies and programs below. >>> Learn More

Agency Seal U.S. Dept. of Treasury CDFI Fund

Native Americans CDFI Assistance (NACA) Program
The CDFI Fund's Native Initiatives are designed to overcome identified barriers to financial services in Native Communities. These initiatives seek to increase the access to credit, capital, and...

Agency Seal U.S. Economic Development Administration (EDA)

Revolving Loan Fund Program
As part of the Economic Adjustment Assistance Program, EDA regional offices award competitive grants to units of local government, state governments, institutions of higher education, public or...

Agency Seal U.S. Environmental Protection Agency (EPA)

Brownfields Assessment Pilots/Grants
The U.S. Environmental Protection Agency's (EPA) Brownfields Assessment grants provide funding for a grant recipient to inventory, characterize, assess, and conduct planning and community involvement...

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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