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Murphy, LaHood Introduce Bipartisan Legislation to Modernize Financing Tools for Farmers and Manufacturers

December 18, 2019 CAA Staff

WASHINGTON—U.S. Reps. Stephanie Murphy, D-Fla., and Darin LaHood, R-Ill., introduced bipartisan legislation to modernize decades old financing tools used by farmers and manufacturers to grow and create more jobs. The Modernizing Agriculture and Manufacturing Bonds Act (MAMBA), H.R. 5422, would streamline private activity bonds to help small manufacturers and first-time farmers grow their businesses, invest in new equipment, and hire more workers. These bonds are a key economic tool for state and local development agencies to help finance small- to mid-sized manufacturers…

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