PABs bill introduced

A bi-partisan bill has been introduced in the US Senate that would raise the federal statutory cap on Private Activity Bonds (PABs).

Senators John Cornyn (R-TX) and Mark Warner (D-VA) have introduced the Building United States Infrastructure and Leveraging Development (BUILD) Act, to allow additional investment in infrastructure projects by allowing state and local governments to enter into additional P3s to finance surface transportation projects.

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