To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires treatment of advance refunding bonds Section 149(d) of the Internal Revenue Code of 1986 is amended— in paragraph (1), by striking to advance refund another bond and inserting as part of an issue described. It relies on definition changes, compliance mandates, and exemptions. The main policy areas are Financial Services and Finance.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires treatment of advance refunding bonds Section 149(d) of the Internal Revenue Code of 1986 is amended— in paragraph (1), by striking to advance refund another bond and inserting as part of an issue described...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires treatment of advance refunding bonds Section 149(d) of the Internal Revenue Code of 1986 is amended— in paragraph (1), by striking to advance refund another bond and inserting as part of an issue described.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill requires treatment of advance refunding bonds Section 149(d) of the Internal Revenue Code of 1986 is amended— in paragraph (1), by striking to advance refund another bond and inserting as part of an issue described.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Kustoff (for himself, Mr. Ruppersberger, Mr. Barr, Mr. Fitzpatrick, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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