SANTA ANA PUEBLO, N.M. — Two senators plan to introduce legislation as soon as today to permanently extend a popular provision in last year’s stimulus law that was designed to encourage banks to buy municipal debt from small issuers but would expire at the end of the year without congressional action.

Sen. Jeff Bingaman, D-N.M., and Sen. Mike Crapo, R-Idaho, plan to introduce the bill, which would extend the $30 million small-issuer limit for bank-qualified bonds and peg that limit to inflation in the future.

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