Sen. Maria Cantwell, D-Wash., has introduced legislation that would remove the volume cap from the clean renewable energy bond program, but prohibit most governmental entities from issuing them.

The Clean Renewable Energy Investment Act, S. 3855, introduced late last month, serves as companion legislation to another bill introduced a week earlier by Rep. Jim McDermott, D-Wash. Cantwell sits on the Senate Finance Committee, while McDermott is the fourth-ranked Democrat on the House Ways and Means Committee.

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