President Biden’s congressional address has been received favorably by various public finance-related trade groups.
Bond Buyer with the round-up:
Ballard Spahr partner Teri Guarnaccia, the president of the National Association of Bond Lawyers, said her organization has been “encouraged by President Biden’s focus on jobs and infrastructure not just in last night’s speech, but in recent communications with both Republicans and Democrats in Congress.”
“We believe the municipal market can and should play a major role in reviving our economy post-pandemic,” Guarnaccia said. “We are also closely watching the bipartisan discussions surrounding the infrastructure debate and continue to believe that tax-advantaged bonds will be an integral part of any infrastructure package Congress ultimately passes.”
Brett Bolton, speaking for both the Bond Dealers of America and Municipal Bonds for America, said the two groups “remain optimistic about municipal bonds provisions being included as part of the Biden administration’s Build Back Better initiative.”