Capito Joins Colleagues in Introducing Local Infrastructure Act

Press Release

U.S. Senator Shelley Moore Capito (R-W.Va.) yesterday joined her colleagues in introducing the Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act of 2021. The legislation, which was authored by Senators Roger Wicker (R-Miss.) and Debbie Stabenow (D-Mich.), would amend the federal tax code to restore state and local governments' ability to use advance refunding to manage bond debt and reduce borrowing costs for public projects. This initiative could provide a boost to local communities across the nation as the U.S. deals with the economic effects of the COVID-19 outbreak.

"Throughout this pandemic, I've remained in close contact with our local leaders who have conveyed to me the challenges they are facing and how Congress can help alleviate these burdens," Senator Capito said. "Among these challenges is the lost revenue that state, counties, and cities are experiencing as a result of the pandemic, which has caused a strain on their budgets. The LOCAL Infrastructure Act is another tool that provides these local governments the flexibility needed to generate savings. I'm proud to support this legislation once again and will continue working to deliver commonsense solutions like these to support our local governments during this difficult time."

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