House Financial Services Committee Chairman French Hill (R-AR) recently wrote a letter to House Ways & Means Committee Chairman Jason Smith (R-MO) to ask him to “fully support the tax-exempt status of municipal bonds -- a critical tool that has underpinned American infrastructure and community development for over a century.”
Hill was joined in signing the letter by Financial Services Committee Vice Chairman Bill Huizenga (R-MI), Subcommittee on Capital Markets Chairman Ann Wagner (R-MO), Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Chairman Frank Lucas (R-OK), Subcommittee on Financial Institutions Chairman Andy Barr (R-KY), Subcommittee on Oversight and Investigations Chairman Daniel Meuser (R-PA), and Subcommittee on Housing and Insurance Chairman Mike Flood (R-NE).
The letter comes a week after Rep. Don Bacon (R-NE) led 24 House members in sending a letter to Chairman Smith (R-MO) “to collectively support the preservation of tax-exempt municipal bonds in the upcoming legislation.” Lucas and Flood had also joined in signing Bacon’s letter.
In addition, House Ways & Means Committee members Rudy Yakym (R-IN) and David Kustoff (R-TN) have said that they will staunchly defend tax-exempt financing during consideration of any tax legislation in the 119th Congress.
