SIFMA Statement on ‘Move America Act of 2015’

Release Date: May 4, 2015
Contact: Carol Danko, 202-962-7390, [email protected]

SIFMA Statement on ‘Move America Act of 2015’

Washington, DC, May 4, 2015—SIFMA today issued the following statement from Michael Decker, SIFMA Managing Director, Co-Head of the Municipal Securities Division on Senator Wyden’s “Move America Act of 2015,” which would expand tax-exempt private activity bonds and create a new infrastructure tax credit:

“Senator Wyden’s proposal represents a creative and thoughtful approach to bridging the gap between infrastructure funding needs and available resources. We are particularly encouraged that Senator Wyden’s bill proposes to leverage the existing and well-proven tax-exempt bond market, which is the single most important tool for funding infrastructure in the US. Congress should seriously consider proposals like this one that help our cities and states secure funding for projects that create jobs and drive economic growth.”