House approves legislation to extend BAB program

06/1/2010 | Bond Buyer (free content), The

The House approved legislation that would give the Build America Bonds program a two-year extension but also would gradually lower government subsidies made to BAB issuers. The American Jobs and Closing Tax Loopholes Act, which would also exempt certain bonds from state bonds' volume caps, will head to the Senate for additional consideration.

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Bond Buyer (free content), The