SIFMA Supports Move America Act of 2015

SIFMA issued a statement by Managing Director and Co-Head of the Municipal Securities Division Michael Decker in support of Senator Wyden's (D-OR) Move America Act of 2015 (the "Act"). The Act would "amend the Internal Revenue Code of 1986 to provide for Move America bonds and to allow such bonds to be converted into tax credits to support public-private partnerships."

Mr. Decker called the bill a "thoughtful approach to bridging the gap between infrastructure funding needs and available resources." He noted that the Act would "leverage" the existing tax-exempt bond market, which he stated is the "the single most important tool for funding infrastructure."

See: SIFMA Statement; Move America Act of 2015; Overview of Bill; Section-by-Section Summary of the Bill.