A Republican congressman from Florida has introduced legislation that would terminate legislative authority for issuing tax-exempt bonds to finance energy conservation, infrastructure, school, hospital small manufacturing and other projects.

Rep. Dennis Ross recently introduced H.R. 243, the “Bowles-Simpson Plan of Lowering America’s Debt Act,” incorporating some of the recommendations from the so-called Bowles-Simpson, or National Commission on Fiscal Responsibility and Reform, report released in 2010.

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