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Ruppersberger Announces Walorski as New Co-Chair of Bipartisan Municipal Finance Caucus

Jun 2, 2021
Press Release
Caucus advocates for investment tools for local governments

(Washington, DC) – Congressman C.A. Dutch Ruppersberger (MD-02) today announced that Congresswoman Jackie Walorski of Indiana will serve as the Republican co-chair of the bipartisan House Municipal Finance Caucus following the announced retirement of current co-chair, Congressman Steve Stivers of Ohio. Walorski serves on the House Ways and Means Committee and has a strong background in tax policy.

“As Congress continues to take a serious look at making long-overdue investments in our country’s infrastructure – including roads, hospitals, fire stations and more – the work of this caucus is going to be more important than ever,” Congressman Ruppersberger said. “Jackie has worked to promote fiscal responsibility and job creation throughout her time in office, recently introducing legislation that would maximize private bond financing for multifamily housing, for example. I look forward to working with her to protect the common-sense tools our communities need now.”

“Long-term investments in our communities are necessary to revitalize infrastructure, grow our economy, and unlock better opportunities for hardworking Hoosiers,” Congresswoman Walorski said. “Municipal bonds are key tools for state and local governments to leverage private dollars to build a brighter future. My home state of Indiana is always on the leading edge of innovative, cost-effective ways to fund public infrastructure projects that create jobs and drive economic growth. I’m excited to bring these commonsense solutions to my work as the new co-chair of the bipartisan Municipal Finance Caucus.”

Congressman Ruppersberger founded the Municipal Finance Caucus in 2016 as a forum to discuss the opportunities and challenges for states and local governments to independently fund initiatives that strengthen their communities, and to advocate for bipartisan policies that enhance their access to capital markets. Key issues that merit strong consideration include: protecting the tax exempt status of municipal debt, understanding how financial regulations treat such debt, and ensuring there is a robust market for municipal securities.

The decision to name Congresswoman Walorski co-chair was applauded by stakeholders including the National Association of State Treasurers.

“The House Municipal Finance Caucus is an invaluable ally to state and local governments across the country,” said Indiana Treasurer Kelly Mitchell, who is President of the National Association of State Treasurers. “I’m honored and thrilled to have my friend and fellow Hoosier serve as the co-chair. I know Congresswoman Walorski will champion sensible federal policies –including tax-exempt municipal bonds – that support the fiscal health of state and local finance.”

Congressman Ruppersberger thanked Congressman Stivers, who has served as co-chair since 2018, and congratulated him on his upcoming retirement.

“Congressman Stivers has been an effective and strong advocate for municipal financing and his efforts have raised the profile for issues like advanced refunding,” Congressman Ruppersberger said. “We are nearing the finish line of some of our most important goals and Steve deserves much of the credit for helping us get there through bipartisan cooperation.”