ICMA joined other organizations in the Municipal bond community of issuers and users to call on members of Congress to oppose changes made to advance refund municipal bond and the use of private activity bonds found in H.R. 1. These changes would adversely affect the attractiveness of municipal bonds to investors by repealing the ability of state and local governments to advance refund those bonds, saving on interest; and would eliminate an important source of infrastructure financing by repealing the use of private activity bonds. For more information please download the full letter.