Sen. Menendez Introduces Bill to Ease Borrowing Costs for State and Local Governments Fighting COVID-19
March 21, 2020
March 21, 2020
WASHINGTON, March 21 -- Sen. Robert Menendez, D-New Jersey, issued the following news release:
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- The legislation would allow the Federal Reserve to buy state and local debt, providing immediate relief for state and local governments
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U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Banking Committee, introduced the Municipal Bonds Emergency Relief Act (MBERA), which would allow the Federal Reserve to buy municipal de . . .
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- The legislation would allow the Federal Reserve to buy state and local debt, providing immediate relief for state and local governments
* * *
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Banking Committee, introduced the Municipal Bonds Emergency Relief Act (MBERA), which would allow the Federal Reserve to buy municipal de . . .