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.

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 introduced legislation to create a direct-pay bond program aimed at supporting state and local infrastructure financing, especially to assist rural communities facing high interest rates.

Wicker, Bennet Introduce the American Infrastructure Bonds Act
secondary · other · model gpt-4.1

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.

Bennet introduced the LOCAL Infrastructure Act of 2025 to restore state and local governments’ ability to use advance refunding bonds, supporting affordable financing for infrastructure, schools, and hospitals.

Sens. Wicker, Bennet Introduce the LOCAL Infrastructure Act - U.S. Senator Roger...
secondary · other · model gpt-4.1