In May 2015, Senator Ron Wyden (D-OR) proposed legislation that would create a new type of municipal

Question:

In May 2015, Senator Ron Wyden (D-OR) proposed legislation that would create a new type of municipal bond. Determine what the proposed legislation named the new type of bond and what were the intended uses for the proceeds of these bond issuances. Determine whether the interest income earned on the bonds would have created a preference for AMT purposes. Has the legislation been adopted?