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H.R. 2634

Referred to Committee

LIFT Act

Introduced 4/16/2021•117th Congress•House
Congress.gov

Latest Action

Referred to the House Committee on Ways and Means.

4/16/2021 • House

Summary

Local Infrastructure Financing Tools Act or the LIFT Act

This bill allows the issuer of an American Infrastructure Bond a credit with respect to each interest payment under such bond.

The bill restores advance refundings of bonds to allow states and localities to refinance existing debt.

The bill increases to $30 million the limitation on bank-qualified debt for small municipal and nonprofit issuers.

Introduced in House • 4/16/2021

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Topics & Subjects

Policy Area: Taxation
Income tax exclusionInfrastructure developmentInterest, dividends, interest ratesSecuritiesState and local finance

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

2
Democrats
0
Republicans
0
Independents

Sponsor

R[
Rep. Sewell, Terri A. [D-AL-7]

Democrat • AL-7

Sponsored 4/16/2021

Cosponsors (1)

R[
Rep. Tonko, Paul [D-NY-20]

D-NY-20

Joined 10/8/2021

Bill Journey

Originated in the House

Introduced

April 16, 2021

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House4/16/2021
Formatted TextPDFFormatted XML

Related Bills (3)

H.R. 2288

Investing in Our Communities Act

RelatedView bill →

H.R. 5376

An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.

RelatedView bill →

H.R. 8396

LIFT Act

RelatedView bill →

Committee

Ways and Means Committee

House

View committee →

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors1
View on Congress.gov
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