POLITICO
Supporters hope for Build America Bonds revival in infrastructure plan
It won’t likely be hard to find buyers for the program, designed to leverage increasing amounts of private funding for public works via taxable municipal debt.
House Ways and Means Chair Richard Neal listed BABs among his own priorities for the infrastructure plan earlier this month. | Jessica Hill/AP Photo
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The push to revive the federally subsidized Build America Bonds program as part of massive infrastructure legislation has investors and issuers champing at the bit.
Their appetite for the bonds, or BABs, was immense when they were briefly issued more than a decade ago by states, cities and local governments unable to finance their projects at reasonable rates during the Great Recession.