This week, I introduced legislation to increase the accessibility of tax-exempt financing for Alaska Native economic development. Tribal Economic Development (TED) bonds have the potential to be a critical resource for AK Natives working to finance projects in their communities.
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For too long, burdensome rules within the program have prevented these bonds from having the full impact Congress intended.
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From safeguarding clean water, strengthening sewage systems, & supporting transportation infrastructure, these bonds can empower our Native communities to unleash economic opportunity.
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I am proud to introduce the Tribal Economic Development Act in the House to lift the cap on available TED bonds so that our Alaska Native villages and communities can access the capital to secure a bright and prosperous future.