S 1481
LOCAL Infrastructure Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:39 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the LOCAL Infrastructure Act, aims to restore the use of advance refunding bonds by local governments. Advance refunding bonds allow municipalities to refinance existing debt at lower interest rates, saving taxpayer money. The bill effectively reverses a 2015 change to the Internal Revenue Code that limited the use of these bonds. By reinstating this tool, the bill seeks to improve local government financial flexibility and reduce borrowing costs.
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