Municipal Finance Support Act of 2017

Hozzl · 2025-04-07T15:21:55Z

Explore the details of House Bill 1624 Municipal Finance Support Act of 2017 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

4/7/2025, 3:21 PM

Summary of Bill HR 1624

Bill 115 hr 1624, also known as the Municipal Finance Support Act of 2017, is a piece of legislation introduced in the US Congress. The purpose of this bill is to provide support to municipalities in financing infrastructure projects and other essential services.

The bill aims to achieve this by authorizing the Secretary of the Treasury to establish a program that would provide direct loans to municipalities for the purpose of financing infrastructure projects. These loans would be made available at low interest rates and with flexible repayment terms, in order to help municipalities address their financing needs.

Additionally, the bill includes provisions for technical assistance and training programs to help municipalities improve their financial management practices and access to capital markets. This support is intended to help municipalities better manage their finances and make informed decisions about their borrowing and investment strategies. Overall, the Municipal Finance Support Act of 2017 seeks to provide municipalities with the resources and tools they need to finance essential projects and services, ultimately benefiting the communities they serve.

Current Status of Bill HR 1624

Bill HR 1624 is currently in the status of Bill Introduced since March 20, 2017. Bill HR 1624 was introduced during Congress 115 and was introduced to the House on March 20, 2017. Bill HR 1624's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of October 4, 2017