WASHINGTON -- It's time for a thorough re-examination of the restrictions on private-activity bonds, including the $50 per person state volume cap.

That was apparent after a little-noticed but thoughtful debate that took place on a sleepy Saturday late last month when the Senate was debating the tax bill.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.