Finance, investment and tax-related legislation

The House is expected to introduce another temporary government funding bill this week before turning to the debt ceiling issue.

If enacted, Build Back Better would promote economic growth and likely have a limited impact on inflation, ratings agencies say.

The inability to advance refund has cost issuers up to $10 billion since 2020, according to Municipal Market Analytics, a figure lobbyists hope will help make their case.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.

The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.

Transportation and transit projects would be eligible uses of ARPA funds under the bill, which also extends the deadline to spend the funds.

The fast pace of the Democratic negotiations may act in muni market's favor.

Congress has until Halloween to reach not only a deal on a bipartisan infrastructure bill, but also a reconciliation deal. Without both, key muni priorities could vanish, says GFOA lobbyist.

The hires come as Congress is expected to pass a massive infrastructure bill that includes P3 provisions.