On June 22, House Democrats released the text of H.R. 2, the Moving Forward Act, a $1.5 trillion comprehensive infrastructure package. In addition to funding traditional infrastructure priorities—surface transportation, rail and transit systems and ports—it also includes proposals that invest in schools, affordable housing, broadband access, green energy and child care.
The proposal also includes a section that addresses infrastructure financing. Mechanisms include reinstating Build America Bonds and Advance Refunding Bonds, and expanding the issuance of Private Activity Bonds. The financing section does not contain revenue provisions—House Ways and Means Committee Chair Richard Neal (D-MA) has noted that Congress and the administration will need to work together on pay-for proposals.
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