Reps. Ruppersberger (D-MD) and Hultgren (R-IL) have co-authored a letter to Speaker Boehner (R-OH) and Minority Leader Pelosi (D-CA), available [here], urging them to reject any proposal that seeks to limit the value of the tax-exemption for municipal bonds.  The letter is being circulated to all Members of the House of Representatives for signature.  Staff for Reps. Ruppersberger and Hultgren have asked the MBFA for assistance in highlighting this Dear Colleague letter, and requesting that Members of the House to attach their signature.  We urge all MBFA members to ask your Member of Congress to sign this letter as soon as possible.  

In addition, we urge you to remind your Member of Congress to co-sponsor HR 112, a resolution introduced by Reps. Neal (D-MA) and Terry (R-NE) that recognizes the critical importance of tax-exempt municipal bonds.  The resolution currently has 65 cosponsors.  More information regarding the Terry-Neal resolution is available [here].

We hope this information is helpful.  If you need further information on MBFA or issues raised in this update, please contact info@munibondsforamerica.org.