The bill would, among other provisions, extend through the end of 2011, the 2009 provisions for Bank-Qualified Bonds. The bill would also extend Build America Bonds for 2 years with the reimbursement rate at 32 percent for 2011 and 31 percent for 2012. The bill would also provide additional allocations of Recovery Zone Bonds, exempt private activity bonds issued after the date of enactment and before January 1, 2012 from the AMT and allow FHLB banks to provide credit enhancement. A copy of the bill is here.
The BDA along with other groups sent a letter in support of the bill. The letter is available here.