WASHINGTON — The House yesterday approved a revised jobs bill that would allow issuers selling four types of tax-credit bonds to receive a direct Build America Bond-style subsidy payment from the federal government at a far higher rate than was proposed in the Senate version of the bill.

The modified bill is “terrific,” said Michael Decker, managing director and co-head of the muni division of the Securities Industry and Financial Markets Association. “It means that those products will actually be able to be used, because right now they’re not nearly being used to the extent that Congress intended.”

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