It is not a foregone conclusion that this will occur and we and our allies at AHA and NACUBO are continuing our advocacy and educational efforts (to show you the low level of understanding of our sector, we were told by a senior aide that she understood that for-profit hospitals benefited from tax-exempt bonds.) Several of our authority members and some of their borrowers also are active. Nonetheless, I don't want these announcements about private activity bonds in the form of a white paper or a bill to come as a surprise.
The good news is that it is still unlikely that these proposals will go anywhere. There seems virtually no chance of comprehensive tax reform, not a huge level of interest or time to even do corporate tax reform and our main threat would that be that restrictions on private activity bonds/hospital bonds or some such would be used to pay for other things like the Highway Trust Fund or filling in the gap if Obamacare is struck down by the Supreme Court.
We will continue to be vigilant and stay in touch with you all and individually as required. But, if you have questions or comments please contact me.