The U.S. House of Representatives and the U.S. Senate have passed their respective versions of the Tax Cuts and Jobs Act. Both bills eliminate Advance Refundings, while the House bill would also eliminate all Private Activity Bonds. House and Senate leadership will meet in a conference committee to reconcile differences between the two bills.
CDFA is asking for nationwide support to preserve Private Activity Bonds and Advance Refundings. Letters, emails, faxes and phone calls. From far and wide. From urban, suburban and rural. From Democrats and Republicans alike. Every one of you has a stake in this effort.
We ask that regardless of where you live, you reach out to the House and Senate conferees and communicate the following language verbatim.