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Abstract: 

Over the past few years, the federal government has codified historic legislation, including the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). Both the IRA and BIL have provisions aimed at tackling inflation, meeting widespread infrastructure needs, addressing climate change, advancing environmental justice, and minimizing healthcare and prescription drug-related costs. The panel discusses key objectives of the IRA and BIL, underscores some of the principal ways in which these milestone laws directly impact the public sector, and highlights examples of how public finance issuers are utilizing these funds to address challenges in their communities.

Keywords: Inflation Reduction Act (IRA); Bipartisan Infrastructure Law (BIL); Tax Credit and Direct Pay Subsidies; Hudson Tunnel Project; “Made in America” Requirements

Affiliations:  1: Fitch Ratings; 2: Municipal Financial Solutions Associates; 3: Volcker Alliance; 4: Gateway Development Commission.