The American Infrastructure Bonds Act would address this challenge by establishing a taxable, direct-pay bond program, expanding investment opportunities for infrastructure improvements nationwide.
Bennet promises to support the establishment of a taxable, direct-pay bond program to help state and local governments finance critical infrastructure projects, particularly in rural communities.
Occurrences
U.S. Senators Roger Wicker, R-Miss., and Michael Bennet, D-Colo., introduced the Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act of 2025. The legislation would amend the federal tax code to restore state and local governments’ ability to use advance refunding to manage bond debt and reduce borrowing costs for public infrastructure projects...our bipartisan bill will support their efforts to revitalize infrastructure, create jobs, and improve quality of life for all Coloradans. From improving our roads and bridges to modernizing our hospitals and schools, this legislation will help create stronger and more resilient communities.
Evidence
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Bennet's Senate office announced that Bennet and Wicker introduced the American Infrastructure Bonds Act, which would help state and local governments finance critical infrastructure projects by establishing taxable, direct-pay municipal bonds; the release specifically says rural communities face high interest rates and that the bill would help them access affordable financing.
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Congress.gov lists S.1480, the American Infrastructure Bonds Act of 2025, with latest action on April 10, 2025: read twice and referred to the Senate Finance Committee. The tracker says the bill has the status Introduced and lists one action.
Assessments
Bennet materially supported the promised policy by co-introducing the American Infrastructure Bonds Act, which would create taxable, direct-pay municipal bonds for state and local infrastructure financing and explicitly addresses rural communities' financing barriers. However, the relevant 2025 federal bill remains introduced/referred to Senate Finance rather than enacted, and no established federal program matching the promise is shown. Because Bennet is still in office and the 119th Congress is ongoing, this is not a final failure yet; it remains unresolved with clear legislative effort.