S1453-118

Introduced

To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.

118th Congress Introduced May 4, 2023

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bill requires reinstatement of advance refunding bonds The amendments made by section 13532 of Public Law 115–97 are repealed and the provisions of law amended by such section are restored as if such section had never been. It relies on compliance mandates. The main policy areas are Regulated Industries.

Who Benefits and How

Regulated entities and members of the public 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.

Key Provisions

  • Requires reinstatement of advance refunding bonds The amendments made by section 13532 of Public Law 115–97 are repealed and the provisions of law amended by such section are restored as if such section had never been...

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bill requires reinstatement of advance refunding bonds The amendments made by section 13532 of Public Law 115–97 are repealed and the provisions of law amended by such section are restored as if such section had never been.

Key Policy Areas

Regulated Industries

Primary Purpose

The bill requires reinstatement of advance refunding bonds The amendments made by section 13532 of Public Law 115–97 are repealed and the provisions of law amended by such section are restored as if such section had never been.

Policy Domains

Regulated Industries

Whole bill

Identified Gains
  • Regulated entities and members of the public affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Regulated entities and members of the public affected by the bill:
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

Introduced
Introduced Committee Passed
May 4, 2023

Mr. Wicker (for himself, Ms. Stabenow, Mr. Braun, Mrs. Britt, …

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?

Domains
Regulated Industries

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology