Oregon Senator Ron Wyden, in a recent interview with Bond Buyer, suggested that parents should consider giving their children municipal bonds as Christmas gifts. “I think that it’s probably a lot better for the economy and the planet than buying a kid another toy that’s going to break in 20 minutes.” Senator Wyden has been meeting with constituents in hundreds of town-hall meetings throughout Oregon, observing that the future of counties and municipalities will require investment in infrastructure supported by municipal bonds.
Senator Wyden has also been promoting his latest bond bill known as the Move America Act of 2015 which would provide a means of financing projects with public and private investment in order to address the nationwide need for investment in infrastructure. The municipal market has taken a positive view of Wyden’s proposal with the stipulation that Move America Bonds supplement, rather than replace, traditional tax-exempt bonds. Wyden’s bill is currently being reviewed by House members prior to introduction.