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Dems Renew School Bond Push in $130 Billion Infrastructure Bill

May 20, 2022, 4:01 PM

Congressional Democrats are looking to invest $130 billion in the nation’s crumbling schools, partly by reviving a type of debt financing killed by tax reform during the Trump administration.

The Rebuild America’s Schools Act, which went to committee markup Wednesday, would establish a $100 billion grant program and authorize $30 billion of school infrastructure tax credit bonds, both aimed at high-poverty schools around the country where shabby infrastructure poses a health risk to students and staff.

The bill, introduced by Virginia Democrat Bobby Scott, marks a renewed push to pass school infrastructure funding through a gridlocked Congress after a ...