Financing Tools and Highway Trust Fund Included in Moving Forward Act
June 22, 2020
After last week’s marathon markup of the INVEST in America Act, House Democrats on Monday unveiled the Moving Forward Act. This legislation takes a comprehensive approach to infrastructure investment and mirrors the 2017 Infrastructure Report Card to include surface transportation, aviation, water, schools, rail, energy, and public park infrastructure investment. In addition to providing policy......
ASCE Supports Public Financing Tools to Fund Key Infrastructure Projects
January 31, 2019
This month, the Government Finance Officers Association (GFOA), an ASCE coalition partner and lead of the Public Finance Network (PFN), released a report entitled, “Understanding Financing Options Used for Public Infrastructure.” For well over a century, state and local governments and public entities across our nation have used tax-exempt bonds as a means to provide......
New Bill Would Reinstate Advance Refunding Bonds for Infrastructure
April 16, 2018
Congressman Randy Hultgren (R-IL) and Congressman C.A. Dutch Ruppersberger (D-MD) introduced H.R. 5003, a bill to reinstate advance refunding bonds, which were replead in H.R. 1, the Tax Cuts and Jobs Act. During the tax bill debate the American Society of Civil Engineers (ASCE) opposed provisions that eliminated financing tools, including advance refunding bonds and......
Tax Legislation Hurts Infrastructure, Engineers
November 28, 2017
The American Society of Civil Engineers (ASCE) is concerned that Congress has missed a once-in-a-generation opportunity to address the nation’s infrastructure investment gap. Earlier this month, Congress began the process of crafting tax-cut legislation. The House Ways and Means Committee drafted H.R. 1, the Tax Cuts and Jobs Act, which passed out of committee and......
Sens. Hoeven and Wyden Reintroduce Move America Act
June 05, 2017
Sens. John Hoeven (R-ND) and Ron Wyden (D-OR) recently re-introduced their Move America Act to expand the availability of tax-exempt bonds and create a new tax credit, bringing more private capital into infrastructure and giving states more flexibility to pursue infrastructure projects. The legislation creates Move America Bonds, expanding private activity bonds, which encourage private......