HR 7570
Reinvest in Public Schools Act of 2026
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:13 AM
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- Passed House
- Passed Senate
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Bill overview
This bill, the Reinvest in Public Schools Act of 2026, aims to make it easier for public school districts to issue advance refunding bonds. Specifically, it modifies tax laws to allow certain advance refunding bonds to be tax-exempt, potentially lowering the cost of financing for school construction and repairs. The bill focuses on ensuring that bond proceeds are used for eligible school facility projects and prevents the use of complex financial strategies to artificially lower bond costs. It also adjusts the calculation of the ‘initial temporary period’ for these bonds.
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