To waive the arbitrage rules for certain bonds issued in 1990 and partially defeased in 1996.

Referred to the House Committee on Ways and Means.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 14, 2013

Provides that bond arbitrage requirements shall not apply to an issue of bonds that were partially defeased (made void) if: (1) such bonds are redeemed by the governmental issuer within 90 days of the sale of the escrow securities, and (2) any net profit remaining after the proceeds of the sale of the escrow securities have been applied to such redemption is used by the issuer for an essential governmental function within 12 months of such redemption. Makes this waiver applicable to bonds issued on January 4, 1990, that were partially defeased on July 19, 1996, with revenues of a municipally-owned electric and water system.

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People & committees

Who introduced it

Rep. Ross, Dennis A. [R-FL-15] · R–FL

Committees

Ways and Means Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Mar 14, 2013
Referred to the House Committee on Ways and Means.
Mar 14, 2013
Introduced in House
Mar 14, 2013
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Mar 14, 2013 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.1197 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.1197, 113th Congress: To waive the arbitrage rules for certain bonds issued in 1990 and partially defeased in 1996.

Official record: https://www.congress.gov/bill/113th-congress/house-bill/1197

Text version to examine: Introduced in House · 2013-03-14.

Official full text: https://www.congress.gov/113/bills/hr1197/BILLS-113hr1197ih.htm

Imported record last updated by the source: 2025-01-03T02:19:04Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.1197 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.1197 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.1197, 113th Congress: To waive the arbitrage rules for certain bonds issued in 1990 and partially defeased in 1996.

Official record: https://www.congress.gov/bill/113th-congress/house-bill/1197

Text version to examine: Introduced in House · 2013-03-14.

Official full text: https://www.congress.gov/113/bills/hr1197/BILLS-113hr1197ih.htm

Imported record last updated by the source: 2025-01-03T02:19:04Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1197 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.1197 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.1197, 113th Congress: To waive the arbitrage rules for certain bonds issued in 1990 and partially defeased in 1996.

Official record: https://www.congress.gov/bill/113th-congress/house-bill/1197

Text version to examine: Introduced in House · 2013-03-14.

Official full text: https://www.congress.gov/113/bills/hr1197/BILLS-113hr1197ih.htm

Imported record last updated by the source: 2025-01-03T02:19:04Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1197 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.1197 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.1197, 113th Congress: To waive the arbitrage rules for certain bonds issued in 1990 and partially defeased in 1996.

Official record: https://www.congress.gov/bill/113th-congress/house-bill/1197

Text version to examine: Introduced in House · 2013-03-14.

Official full text: https://www.congress.gov/113/bills/hr1197/BILLS-113hr1197ih.htm

Imported record last updated by the source: 2025-01-03T02:19:04Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1197 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.