The Municipal Bond Market Support Act, S. 3350, permanently adopts a short-term stimulus measure, set to expire Jan. 1, that was part of the 2009 American Recovery and Reinvestment Act.
The measure would let banks buy up to $30 million in bonds per borrower and deduct interest on the debt issued to finance the deal. These deductions, known as bank-qualified bonds, were previously limited to $10 million for each debt issue.
Read AHA News Now’s report on bank-qualified bonds.
