115 S1481 IS: Lifting Our Communities through Advance Liquidity for Infrastructure Act U.S. Senate 2025-04-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 1481IN THE SENATE OF THE UNITED STATESApril 10, 2025Mr. Wicker (for himself, Mr. Bennet, Mrs. Britt, Mrs. Hyde-Smith, Mr. Boozman, Mr. Barrasso, Mr. Warnock, and Mr. Warner) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.

1.

Short title

This Act may be cited as the Lifting Our Communities through Advance Liquidity for Infrastructure Act or the LOCAL Infrastructure Act.

2.

Reinstatement of advance refunding bonds

(a)

In general

The amendments made by section 13532 of Public Law 115–97 are repealed and the provisions of law amended by such section are restored as if such section had never been enacted.(b)

Effective date

The repeal made by this section shall take effect on the date of enactment of this Act.