BABs Sequestration
Published on:
October 24, 2012
Committee:
SIFMA and 17 other associations provide comments to the Office of Management and Budget (OMB) and the National Economic Council (NEC) urging OMB to affirm an exemption from sequestration for payments to issuers of direct payment bonds. These include payments related to Build America Bonds, Qualified Zone Academy Bonds, Qualified School Construction Bonds, Recovery Zone Economic Development Bonds, Qualified Energy Conservation Bonds, and Clean Renewable Energy Bonds. The groups urge the Administration to provide an exception for direct subsidy bonds from sequestration similar to what is currently provided for individual refundable tax credits or other permanent appropriations.