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CDFA Legislative Briefing - June 2021

Speakers on this Briefing



This CDFA Legislative Briefing took place on June 16, 2021. We discussed the status of the infrastructure bill and CDFA's latest efforts on Capitol Hill. We also outlined important action items that you can take to ensure that bond financing provisions are included in the infrastructure bill.

Take Action

Please sign our coalition letter to show your organization's support for including key tax-exempt bond provisions in the infrastructure bill.

Sign the Letter
View the Letter

CDFA and our coalition of partners are asking Congress to include the following measures in the infrastructure bill:
  • Include a Bond Finance Title in the Infrastructure Bill
    It is imperative that bonds be a primary financing mechanism for major infrastructure projects, as the comparatively low-cost capital offered by tax-exempt bonds cannot be replicated by other means of financing. Tax-exempt bonds are the foundation of public finance and must play a major role in financing the modernization and expansion of America’s infrastructure.

  • Modifications to Small Issue Manufacturing Bonds & Agricultural Bonds
    The six reforms contained in MAMBA will update the regulations for IDBs and Aggie Bonds to align with the needs of modern small manufacturers and agricultural producers. MAMBA will expand the capacity and usability of IDBs and Aggie bonds to help create American manufacturing and agricultural jobs immediately, both of which will contribute to the expansion of infrastructure.

  • Create a New Bond Category for Electric Vehicle Charging Stations
    The creation of a new exempt facility bond category for electric vehicle (EV) charging stations would accelerate the nationwide rollout and expansion of this green infrastructure, resulting in job creation while furthering the Biden Administration’s carbon emission reduction targets.

  • Reinstate Advance Refunding Bonds
    Reinstating tax-exempt advance refunding bonds would allow state and local governments to refinance or consolidate existing bond obligations, which will increase their debt capacity and make more capital available for infrastructure projects.
Including these necessary tax-exempt bond provisions in the infrastructure bill will expand development agencies’ access to low-cost financing for infrastructure projects, which will also lead to a faster economic recovery from the COVID-19 pandemic by creating jobs. CDFA originally made these recommendations in our Policy Priorities for the Biden-Harris Administration.

If you have any questions, please contact CDFA.

View Slides from this Briefing

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CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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