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Rep. Dutch Ruppersberger, D-Maryland, founder and co-chair of the bipartisan House City Finance Caucus, has announced that he will resign at the end of his current term.
“Obviously he’s going to be left with a void,” said Brett Bolton, vice president of federal legislative and regulatory policy at Bond Dealers of America. “He was forever on the hill and a champion of the industry.”
Ruppersberger establishes Maison
Its priorities include protecting tax credits and “ensuring a healthy market for municipal securities,” according to its website. The caucus also “helped avoid tens of billions of dollars in infrastructure cuts” under the 2017 Tax Cuts and Jobs Act.
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A spokesperson said Ruppersberger has not yet talked about a replacement in his caucus and has 11 months left in his term.
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Amid growing turmoil in the House of Representatives last year, more than 40 members announced they would resign at the end of their terms. The caucus also includes Democratic Rep. Dan Kildee of Flint, Michigan, who has supported financial efforts such as:
Ruppersberger’s retirement marks the end of a 21-year run for Congress. Prior to that, he served on the Baltimore County Legislature for 16 years.
“This was an incredibly difficult decision for me, because now more than ever, Congress needs thoughtful, end-game members like me,” Ruppersberger said in a statement. From Cable News Hit “This is a member of Congress who cares more about his constituents and our country.” “But the time has come to pass the torch to a younger generation of leaders.”
Since 2018, Mr. Ruppersberger has been the Democratic leader in reinstating the tax-free advance refund system, which Mr. Bolton said is “critically important.” “He’s also done a good job in making sure the caucus is bipartisan and evenly split. The caucus will definitely help educate others on the Hill and help other people Help them participate.”
Mr. Ruppersberger served on the House Appropriations Committee for 12 years.
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