Question 1

What does HR7570 do?

Accepted Answer

The Reinvest in Public Schools Act of 2026 addresses a significant financing constraint facing public school districts by restoring their ability to issue tax-exempt advance refunding bonds for school construction and rehabilitation projects. This legislation responds to the elimination of tax-exempt advance refunding bonds under the Tax Cuts and Jobs Act of 2017, which removed a critical debt management tool that allowed school districts to refinance existing bonds at lower interest rates. The bill creates a targeted exception to current law specifically for public school infrastructure projects, enabling state and local governments to issue advance refunding bonds that maintain tax-exempt status when proceeds are dedicated to constructing, rehabilitating, or repairing public school facilities or acquiring land for such facilities. The legislation aims to reduce borrowing costs for school districts, freeing up resources that can be redirected toward educational programs and services while facilitating necessary infrastructure improvements.

Question 2

Who sponsored HR7570?

Accepted Answer

Wesley Bell, Robin Kelly

Question 3

What is the status of HR7570?

Accepted Answer

Introduced as of February 13, 2026.

H.R.7570

H. R. 7570