H.R. 1255, titled the "Investing in Our Communities Act," aims to change the Internal Revenue Code of 1986 by reinstating advance refunding bonds. This bill allows certain types of bonds to be refinanced at lower interest rates before their scheduled maturity, potentially saving money. It...
Simple Explanation
H.R. 1255 is like a rule that helps people and places save money by changing old bond rules so they can get cheaper ones sooner, but it has complicated parts that need to be understood carefully.